ENGIE Romania retains Țuca Zbârcea & Asociații for advice on acquiring a local IoT company specialised in Smart Public Lighting
ENGIE Romania has recently announced the acquisition of of 60% of Flashnet, a Romanian Internet of Things (IoT) company. The move will further strengthen ENGIE’s competencies in both intelligent lighting and grid infrastructures.
Țuca Zbârcea & Asociații acted for ENGIE, with Partner Silvana Ivan leading the team of lawyers involved in the transaction.
Established in 2005, Flashnet is continuously focusing on R&D which allows it to be at the forefront of IoT developments and launch innovative solutions for municipalities. Flashnet is a fast-paced tech company that integrates the latest IT, energy and telecommunications technologies into hardware and software solutions, creating and implementing intelligent systems for smarter cities and better infrastructure. Founded in 2005, FLASHNET is a leader in intelligent utility management systems, with worldwide operations.
With this acquisition, ENGIE strengthens its position on the smart public lighting market. With 25+ years of experience, providing services to more than 500 cities and 1,300,000 lighting points across Europe and the Americas.
(According to the information provided by https://www.flashnet.ro/engie-acquires-flashnet-an-iot-company-specialized-in-smart-public-lighting/)