Emerson recently announced a strategic investment in Transformative Wave, a Kent, Washington-based provider of technologies to help drive energy savings for rooftop HVAC systems, including cloud-based building automation control, remote monitoring and diagnostics. Terms of the new collaborative relationship, to be part of Emerson’s Commercial & Residential Solutions business, were not disclosed.
“Our investment in Transformative Wave complements our existing presence within theretail, foodservice, and commercial buildings markets,” says Bob Sharp, Executive Vice President and Commercial & Residential Solutions Business Leader, Emerson. “This latest investment demonstrates how Emerson is continuing to leverage our existing leadership positions in compression and electronics into new growth areas that deliver significant value to our customers.”“This is an exciting opportunity for us to grow and provide even broader service to our
Founded in 2010, Transformative Wave is privately-owned, with 31 employees. Among its energy-saving technologies is its CATALYST efficiency upgrade, a roof top unit (RTU) solution that can reduce HVAC energy use by 25-to-50 percent. The CATALYST portfolio of solutions also enables commercial customers to deploy real-time equipment status monitoring, automated fault detection and diagnostics, and building automation control, all driving deeper efficiency savings for its customers.
“Transformative Wave is a good fit for Emerson,”Emerson’s investment in Transformative Wave follows two acquisitions announced last month, also for its Commercial & Residential Solutions business. PakSense and Locus Traxx are both leaders in providing temperature monitoring technologies for food and high-value shipments throughout the entire supply chain to promote freshness and quality. Emerson will include Locus Traxx and PakSense in a newly-formed business focused on cargo-based solutions.
About Emerson
Emerson, based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets around the world. The company is comprised of five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Sales in fiscal 2015 were $22.3 billion. For more information, visit Emerson.com.
About Transformative Wave
Transformative Wave is a leading energy efficiency innovator in HVAC retrofit and building automation solutions, developing and bringing to market a growing line of game-changing technologies that are transforming the commercial building energy landscape. For more information on our revolutionary products, including the CATALYST and eIQ Platform, visit www.transformativewave.com.