SET Ventures announces successful exit of Sensorfact to ABB

Marc Nemitz Marc Nemitz | 21.01.2025

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.


Like it? Please spread the word:


Newsletter

Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Take care, give care

Did this news inform or entertain you? Then we would be happy if you tell your network about it.

Share on Linkedin Share on Facebook Share on Xing

Related companies

SET Ventures
Investor 2007 Amsterdam
SET Ventures
Digital technologies for a carbon-free energy system
Smart Power
Startup 2018 Aschheim
Smart Power
Energy storage with energy management software to optimize industrial energy management.

FYI: English edition available

Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?

Go to English edition

FYI: Deutsche Edition verfügbar

Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?

Deutsche Edition öffnen

Similar posts