Bemsiq acquires a majority share of Eelectron S.P.A

Bemsiq AB has acquired 51 per cent of the shares in Eelectron S.P.A. Established in 1994, Eelectron is a pioneer within the KNX technology and has over 25 years of experience in the development of hardware and software devices for smart building, energy efficiency and hospitality applications with a strong focus on design and technology. The company has its head office and manufacturing in Milan (Italy) and customers around the world. Products are used at airports, hotels, hospitals, museums, administrative and office buildings, as well as in smaller commercial buildings and in private residentials.

Eelectron has, as a part of onboarding Bemsiq as new majority owner in the company, acquired IPAS GmbH. IPAS is a German developer and manufacturer of KNX and DALI building automation devices. Together, Eelectron and IPAS has about 60 employees and an estimated annual revenue of EUR 26m.

Bemsiq has in recent years created a strong position within the building automation field device market in Europe and North America, and the investment in Eelectron expands our product range with a full service KNX product offering, with the ambition of growing the cooperation and ownership over time.

“We want to give our warmest welcome to all Eelectron and IPAS employees,” says Mikael Johnsson Albrektsson, CEO Bemsiq. “We have known and followed Eelectron for many years and are impressed by their position and growth journey within the KNX market. The acquisition of IPAS creates a uniquely strong KNX/DALI platform offering new growth opportunities for Bemsiq from a product and application perspective.”

Eelectron is looking forward to joining the Bemsiq family.

“The onboarding of Bemsiq as new owner partner gives us the opportunity to enforce our development plan, strengthen our market position and serve Eelectron’s customer base in the best possible way going forward,” says Daniele Caso, CEO and owner of Eelectron. 

He continues:

“The IPAS acquisition is a major step to consolidate our technological footprint and continue to serve our OEM and Private label customers with a dedicated focus”