Nordomatic acquires the remaining shares in Altacogni AB

Nordomatic, the leading BMS system integrator in Scandinavia, UK and Benelux, today announced the acquisition of the remaining 40% of the shares in Altacogni AB. The investment allows Nordomatic to continue to innovate on Altacogni’s leading Smart Buildings IoT Platform.

Altacogni is a high-tech start-up created by a seasoned development team based in Stockholm and with customers across the world. The Altacogni team has developed a comprehensive Internet of Things (“IoT”) software and hardware platform for Smart Buildings under the brand Yanzi Networks. The IoT platform manages 100,000,000 data points per day and operates more than 100,000 sensors in the US, Europe and Asia.

The Altacogni cloud-based services and products are cutting edge when it comes to ease of implementation and security, and help to increase indoor air quality, optimize space utilization, enhance productivity and save energy. Nordomatic and Altacogni are excited to move cloud-based and service oriented Smart Building Solutions to the next level.

“This is a very exciting partnership and I expect really cool things to come out of this that will benefit our customers and position Nordomatic as the real pioneer within Smart Buildings. The platform, the user applications and the development team are absolutely world class and I look forward to surprising the market with innovation at a whole new level in years to come,” says Tim Streather, Managing Director Spica, the Smart Cloud Division of Nordomatic Group.

“We have set a clear ambition of changing the way property owners operate their buildings, creating new experiences and values for their tenants. Proptech and Smart Buildings are what we breathe, and we drive the latest technological advances into a big market that is now starting to move and wants to innovate and invest. Nordomatic is a great partner providing market opportunities and operational stability and support, and together we will gain a leadership position with real impact,” says Mattias Danielsson, CEO of Altacogni.

“I would like to extend a warm welcome to the Altacogni team to the Nordomatic Group. Already, you have been working closely both with Nordomatic and Spica to deliver on a high customer promise, and I believe that full integration will add commitment and efficiency in the way we work together. Only together can we release the full potential of the exciting value propositions within BMS, Energy and Workplace, addressing the important sustainability challenges ahead of us,” says Olov Schagerlund, CEO of Nordomatic Group.

For more information, please contact:

Olov Schagerlund, CEO Nordomatic,

Tim Streather, Managing Director Spica Technologies Ltd,

Mattias Danielsson, CEO Altacogni,

Interested to read more about the Spica acquisition? Follow the link Spica Technologies acquired by Nordomatic – Cloud-based technology