Dubai, UAE – August 12, 2024 – Esyasoft Holding Ltd, a leading global provider of advanced metering infrastructure (AMI) solutions in the energy and utility sectors, is excited to announce the acquisition of a 70% stake in Float, an innovative IoT company based in the Netherlands. This strategic acquisition marks a significant step in Esyasoft’s expansion into the smart water technology solutions market. It also provides Float with a global platform to showcase its innovative IoT technologies. Leveraging Float's pioneering IoT technologies, Esyasoft will deliver enhanced solutions for water sustainability.
As Esyasoft continues to make strides in the energy industries, this acquisition signals the company’s commitment to addressing global water challenges by introducing cutting-edge technology solutions. Float’s robust technical foundation, combined with its innovative IoT product line in both hardware and software, will serve as a cornerstone of Esyasoft’s strategy to revolutionize the smart water market.
Over the coming months, Esyasoft will focus on integrating Float's expertise with its own, aiming to deliver unparalleled value to customers in the water market. Significant advancements in AI, digital twinning, and other advanced technologies are on the horizon, promising to help water utilities reduce non-revenue water and achieve greater efficiency.
"This acquisition represents a pivotal moment for Esyasoft as we expand our footprint into the smart water market. The Netherlands has long been recognised for its leadership in water management, and integrating Float’s cutting-edge IoT technology with our own solutions allows us to build on this legacy. At Esyasoft, we believe that technology is the key to sustainable water management. By combining our expertise in AI and digital twinning with Float’s innovative product line, we are poised to deliver solutions that will not only address today’s water challenges but also pave the way for a more sustainable future."
Bipin Chandra, Founder & Group CEO of Esyasoft Holding
"Since my first visit to the Esyasoft office in Dubai, I’ve felt like part of their family. The team there has shown they can achieve miracles under the visionary leadership of Bipin Chandra. I feel privileged to have this opportunity to grow the Smart Water business for Esyasoft. As I always say, water is a global issue with unique challenges everywhere, but technology is the key to long-lasting solutions."
Harjan Brand, CEO of Float IOT
This acquisition underscores Esyasoft’s strategic commitment to driving innovation and sustainability across industries, further cementing its position as a global leader in advanced technological solutions.
About Esyasoft Holding:
Esyasoft Holding is a global leader in Smart Grid technology solutions, with a strong presence in the energy markets. Headquartered in Dubai, UAE, the company delivers innovative technology solutions that address the most pressing challenges in the utility sector. Esyasoft excels in smart solutions, including Smart Meters, EV Charging Infrastructure, Battery Storage, and advanced software development. With a focus on AI, IoT, and big data, Esyasoft drives sustainability and efficiency across the globe, helping utility companies reduce losses and carbon footprints while maximizing revenues.
About Float IOT:
Float IoT provides premium meter reading services that enable water companies to monitor and invoice their most important customers efficiently. By integrating hardware, software, and data analytics, Float offers remote asset monitoring, delivering end-to-end solutions that drive operational efficiency. Float’s innovative approach also aids in reducing non-revenue water by addressing critical challenges in the water industry through cutting-edge technology.
