Local telecommunications company GO has successfully concluded a transaction in which it acquired majority shareholding in Sens Innovation Group Limited (SENS) for an initial €1 million investment, with the potential to increase to approximately €3 million.
SENS is an energy management company that leverages proprietary Internet of Things (IOT) based technology to reduce energy consumption and associated costs for commercial buildings.
“We are very excited about this new acquisition because it bridges two areas that GO is very passionate about – IOT technology and environmental sustainability,” GO CEO Nikhil Patil said.
“We have long established ourselves as innovators on the technology front, so combining this with a company like SENS, which has experience in IOT and green tech is a natural step forward in not only us realising our sustainability ambitions, but also serves to help our own customers reduce their carbon emissions,” he added.
The brainchild of Ing Michael Bonello, SENS designs and builds customised solutions for clients that improve their business operations and efficiencies, whilst also contributing to the environmental responsibilities that modern business governance and legislation demands.
SENS serves large hotels and commercial clients in Malta, UK, mainland Europe and Dubai, and has worked with several establishments such as the Westin Dragonara Resort, InterContinental Hotel in Malta, Kempinski Hotel in Seychelles, Beachcomber Group in Mauritius, Mariott London, Movenpick Hotel Apartment in Dubai and the Royal Palm in Grande Baie Mauritius.
“Our purpose is to drive a digital Malta where no one is left behind. Such an investment is another great example of how we are driving environmental sustainability through IOT Technology,” Mr Patil said.
“It is a home-grown company that has created great value through its positive contribution to climate change, has created local job opportunities and has huge potential to continue expanding in foreign markets. I am confident that by leveraging on each company’s strengths and networks, we can continue to generate added value to our shareholders and customers,” he concluded.
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