Wyse Meter Solutions Secures Full Ownership of EVSTART
Deal News | Feb 10, 2025 | Globenewswire
Wyse Meter Solutions has announced the acquisition of full ownership of two innovative programs, EVSTART and Rate Switch, previously hosted by Elexicon Group. EVSTART offers electric vehicle charging solutions for multi-residential buildings, simplifying the transition to sustainable transportation through advanced technology and support. Rate Switch is a rate advisory program that analyzes electricity bills to find cost-saving opportunities. This acquisition aligns with Wyse's mission to empower building developers, owners, managers, and residents with smarter energy solutions, reinforcing the company's leadership in sustainable energy management and financial optimization for multi-residential communities. Wyse Meter Solutions, since its inception in 2006, has focused on reducing greenhouse gas emissions and providing superior submetering experiences within Canada.
Sectors
- Energy Management
- Electric Vehicle Infrastructure
- Utility Services
Geography
- Canada – Wyse Meter Solutions is based in Concord, Ontario, and operates within the Canadian utility sector.
Industry
- Energy Management – The acquisition emphasizes innovative energy solutions and sustainability for multi-residential buildings.
- Electric Vehicle Infrastructure – Involves the development of infrastructure for charging electric vehicles, highlighted by the acquisition of EVSTART.
- Utility Services – Focuses on delivering and managing essential utilities like electricity to multi-residential buildings, which the Rate Switch program is part of.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wyse Meter Solutions | Bidding Company/Buyer | Company | A company specializing in energy management solutions and submetering services for multi-residential properties. |
| Elexicon Group | Selling Company/Vendor | Company | Previously collaborated in the development of EVSTART and owned Rate Switch before selling to Wyse Meter Solutions. |
| Peter R.J. Mills | CEO | Person | CEO of Wyse Meter Solutions, commenting on the strategic impact of acquisitions. |
| Richard Belfer | CFO | Person | CFO of Wyse Meter Solutions, discussing financial aspects of the acquisition. |
| Dan Drori | Executive Vice President, Sales & Marketing | Person | Executive VP of Wyse Meter Solutions, highlighting future innovation and industry leadership. |