E.ON Takes Stake in IoT Platform Provider
16 Outubro 2017 - 08:23AM
Dow Jones News
By Pietro Lombardi
Germany's E.ON SE (EOAN.XE) on Monday said that it has bought a
stake in software startup Cuculus, whose core product is an
IoT--internet of things--platform, for an undisclosed amount.
The two companies will work together to develop solutions for
the intelligent house of the future, E.ON said.
The IoT allows a growing number of everyday devices to be
connected via the web.
"Together with Cuculus, we are developing products that will
form the core of the decentralized energy system of the future,"
Philipp Ulbrich, head of innovation scouting and strategic
co-investment at E.ON, said.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
October 16, 2017 06:08 ET (10:08 GMT)
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