GE Current Buys Daintree

General Electric’s new Current business unit scored a major acquisition in Daintree Networks, a provider of open-standard building controls for commercial facilities. GE said the acquisition will expand Current’s building automation platform and its energy-as-a-service offering to small- and medium-size facilities through Daintree’s open wireless control systems.

Today, 90% of the world’s small- to mid-sized buildings do not have building automation systems. Integrating Daintree Networks’ open-standard networked wireless control solution, ControlScope, into Current’s building automation portfolio addresses that problem. ControlScope, combined with Current’s building automation portfolio, links data from lighting and HVAC systems directly to Predix, GE’s industrial Internet software platform, allowing customers to analyze their energy consumption and identify data patterns to increase efficiency and reduce power levels.

“By combining Daintree’s open-standard control and sensing technology with GE’s Predix platform, Current’s building automation platform and its energy-as-a-service offerings, we’ll deliver the industry’s first next-generation, scalable cloud-based energy management and facilities optimization platform for every building type and size,” said Maryrose Sylvester, president and CEO of Current. “Our combined strengths will help customers, big or small, achieve a reduced carbon footprint and increased energy savings, and provide a solution for ecosystem partners to grow.”

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