Summa Equity Sells Kiona to CAREL

Summa Equity Sells Kiona to CAREL

Summa Equity, a purpose-driven thematic investment firm, has sold Kiona, a leading energy efficiency software platform, to CAREL, a global leader in energy efficiency components and solutions provider.

The deal, which was announced on July 24, 2023, is expected to close in the third quarter of 2023.

Kiona was founded in 2014 and is headquartered in Stockholm, Sweden.

The company’s software platform helps building owners and operators to monitor, control, and optimize their energy consumption.

Kiona’s customers include some of the largest commercial and industrial buildings in the world.

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Image Credit: Kiona

CAREL is a leading global provider of energy efficiency components and solutions. The company’s products are used in a wide range of applications, including commercial buildings, industrial facilities, and data centers.

The sale of Kiona to CAREL is a significant development in the energy efficiency market. The deal is expected to help CAREL to expand its product offerings and reach new markets.

Here are some of the key benefits of the deal for CAREL:

  • Access to Kiona’s software platform: Kiona’s software platform is a leading solution for energy efficiency in commercial buildings. This will help CAREL to expand its product offerings and reach new markets.
  • Strengthened position in the energy efficiency market: The deal will strengthen CAREL’s position in the energy efficiency market. CAREL will be able to offer a wider range of products and services to its customers.
  • Increased global reach: Kiona has a strong presence in Europe. The deal will help CAREL to expand its global reach.

Here are some of the key benefits of the deal for Summa Equity:

  • Financial return: Summa Equity will receive a financial return on its investment in Kiona.
  • Impact: Summa Equity is a purpose-driven investment firm. The sale of Kiona to CAREL will help to accelerate the adoption of energy efficiency solutions.
  • Exit: The sale of Kiona is an exit for Summa Equity. The firm is now able to deploy its capital into other purpose-driven investments.

The sale of Kiona to CAREL is a significant development in the energy efficiency market. The deal is expected to help CAREL to expand its product offerings and reach new markets. It is also a positive development for Summa Equity, which will receive a financial return on its investment and be able to deploy its capital into other purpose-driven investments.


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