Plugwise BV secured financing from ING Bank, facilitated by YES Corporate Finance, to support its rapid growth in the energy management sector.

Information on the Target

Plugwise BV, headquartered in Sassenheim, is a leading designer, developer, and manufacturer of wireless energy management and control systems, as well as smart heating solutions. The company offers a sophisticated range of innovative products that provide users with real-time insights and control over their energy consumption, enabling them to enhance comfort while saving energy. Plugwise is committed to innovation, supported by an ambitious R&D program and a robust portfolio of innovations that result in at least one product launch per quarter.

Since 2016, Plugwise has expanded its offerings under two distinct brands that target different market segments: Plugwise, which focuses on energy measurement and control systems for electricity and gas, and Qupit, which specializes in smart climate systems. Notable products include the Anna smart thermostat, Adam for monitoring heating systems, Qloud for optimal maintenance of heating installations, and Plug for measuring and controlling appliances and lighting. Plugwise serves a global clientele, operating in Europe, Asia, and North and South America, from its main office in Sassenheim, as well as subsidiaries in Japan and Australia. Its customer base includes installers, architects, construction companies, housing corporations, telecommunications companies, and energy providers.

Industry Overview in the Target’s Specific Country

The Dutch energy management industry has been experiencing significant growth due in part to increasing consumer awareness of energy efficiency and sustainability. With rising energy costs and environmental concerns, households and bus