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Schneider Electric buys start-up climate-tech platform Zeigo

Acquisition sends stock up to €163.34, up .22% on the previous day of trading.

By João Marques Lima

Founder and Editor, The Tech Capital

2 Mins

January 18, 2022 | 6:39 AM GMT

Schneider Electric buys start-up climate-tech platform Zeigo

Zeigo founder and CEO Juan Pablo Cerda. Source: Zeigo

Schneider Electric (EPA: SU) has acquired start-up climate-tech platform Zeigo to enhance the company’s digital capabilities in energy, sustainability, and environmental commodity consulting.

The acquisition will complement Schneider Electric’s portfolio of clean energy services and solutions and advance the company’s digital energy transformation ambitions.

Financial details of the transaction have not been released.

Zeigo founder and CEO Juan Pablo Cerda, said: “Zeigo is delighted to join forces with Schneider Electric to continue to accelerate the digital clean energy revolution.

“Together, we will bring innovative energy solutions to even more companies, to drive impact as they embark on their decarbonisation journey.”

Also commenting, Steve Wilhite, SVP for Schneider Electric’s Sustainable Business Division, said: “As the world’s largest advisor to corporations on renewable energy procurement, we know that speed and complexity are two of the barriers that keep some corporations out of the PPA market.

“By adding the Zeigo technology and team to our existing portfolio of services and solutions, we will be able to provide even greater value to our clients worldwide. My congratulations to Zeigo on this significant milestone.”

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