SET Ventures announces successful exit of Sensorfact to ABB

Successful exit: Acquisition to expand ABB's portfolio of digital energy management solutions and accelerate global expansion of AI-powered platform
Amsterdam/Utrecht, January 21, 2025 - SET Ventures has announced the successful sale of its portfolio company Sensorfact to ABB. Utrecht-based energy management solutions provider Sensorfact will further strengthen ABB's digital energy management portfolio. The acquisition is expected to close in the first quarter of 2025. Financial details of the transaction were not disclosed.
Sensorfact: Leader in AI-powered energy management
Sensorfact was founded in 2017 and offers a scalable Software-as-a-Service (SaaS) solution for small and medium-sized companies in Europe. The platform uses AI to help companies reduce their energy consumption and increase efficiency. With over 250 employees in Utrecht, Amsterdam, Barcelona and Berlin, the company serves more than 1,900 customers across Europe.
Sensorfact has established itself as the European market leader in AI-powered industrial energy efficiency. The partnership with ABB will further accelerate growth.
Julia Padberg, Partner at SET Ventures and Member of the Board at Sensorfact
SET Ventures, which has been investing in Sensorfact since 2022, helped the company to grow and supported its last financing round of 25 million euros. The partnership has now ended in a strategic exit.
Partnership with ABB for global expansion
Massimiliano Cifalitti, President of ABB's Smart Power Division, explains: "ABB and Sensorfact are joining forces to help companies increase energy efficiency, reduce costs and optimize production. The integration of Sensorfact strengthens our digital strategy by providing customers with innovative tools to digitize their manufacturing processes."
The Sensorfact solution includes plug-and-play sensors for machine monitoring and a smart software platform that identifies potential energy savings and provides actionable recommendations.
With ABB, we are bringing our smart factory platform to global markets faster. Together, we will help companies worldwide to further reduce costs and CO₂ emissions
Pieter Broekema, CEO Sensorfact
The acquisition of Sensorfact is part of the global trend towards greater energy efficiency. According to a report by the International Energy Agency (IEA), energy efficiency must be doubled by 2030 in order to sustainably meet rising energy demand. Digital innovations such as those from Sensorfact are crucial to this.

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