Generac Holdings Inc. (NYSE: GNRC), a Waukesha, Wis,-based global leader in the design and manufacture of a wide range of residential, commercial and industrial power products, is to acquire Neurio Technology Inc., a Vancouver, British Columbia-based energy data company.
The amount of the deal was not disclosed.
The addition of Neurio’s data expertise, devices and advanced technologies will allow Generac strengthen its home energy management capabilities and accelerate efforts around connectivity and remote monitoring.
Founded in 2005 and led by Keith Marett, CEO, Neurio focuses on metering technology and analytics to optimize energy use within a home or business. Its hardware and software solutions equip users with the intelligence to manage and control electrical loads, solar systems and batteries to optimize energy consumption and increase savings.
Founded in 1959, Generac is a designer and manufacturer of a wide range of power generation equipment and other power products. As a leader in power equipment serving residential, light commercial and industrial markets, Generac’s power products are available globally through a broad network of independent dealers, distributors, retailers, wholesalers and equipment rental companies, as well as sold direct to certain end user customers.