- Generac Power Systems ( NYSE: GNRC ) said Tuesday it acquired Blue Pillar , an industrial IoT platform developer that provides solutions to enable distributed energy generation monitoring and control.
- Terms were not disclosed.
- GNRC and Blue Pillar share a mutual customer base, with highly compatible product offerings that can provide a total connectivity solution to commercial and industrial customers.
- GNRC aims to further integrate the Blue Pillar platform into its power generation products and, in connection with Generac Grid Services' projects, provide monitoring and control as a built-in feature.
- The acquisition closed on Oct. 3.
For further details see:
Generac Power Systems acquires Blue Pillar