In an already vibrant autumn in terms of M&A activities, Teoresi Group announces today, October 17, 2023, the successful completion of the acquisition of 100% shares of Io.T Solutions, a company in which Teoresi had previously played the role of an angel investor.
Io.T Solutions is a Milan-based company specializing in smart building technologies and solutions to enhance work comfort, optimize building management, and reduce energy consumption.
This new acquisition aligns with Teoresi’s strategy to expand in the smart city market, allowing the Group to extend its expertise from sustainable mobility technologies to specific solutions for intelligent buildings.
In particular, thanks to DINA – Connecting Spaces, the software platform dedicated to facility managers. It is possible to monitor and analyze data on building energy consumption and people flows to optimize resources, access to spaces and services provided within.
With this acquisition, Teoresi gains a valuable asset that enriches its portfolio of proprietary solutions to implement and offer to the market and customers.
The integration of Io.T Solutions is part of a rapid external growth process that, since 2023, has been contributing to the expansion of Teoresi’s expertise in strategic and socially impactful sectors (medtech, connected mobility, smart factory), as well as in cloud and software development.
To learn more and read the words of President Valter Brasso following the acquisition, we invite you to read our press release at this link.