A family-owned smart buildings tech business is set to continue its growth following its acquisition.
Skelmersdale-based Sustainable Investments has acquired a 76% stake, for an undisclosed sum, in IoT Horizon, which operates out of Sci-Tech Daresbury.
IoT, which employs seven staff, said the deal will allow it to strengthen its mission to create safer, healthier and more energy efficient buildings.
It has been rebranded as Sustainable Smart Technologies.
The firm has been pioneering the development of environmental and energy monitoring solutions for more than seven years.
Using Internet of Things (IoT) technologies, where devices such as sensors connect via the internet to collect and share data, the company is developing systems that deliver real-time insights to improve air quality, reduce energy consumption, optimise space utilisation, and enhance the wellbeing of building occupants.
It has been using the advanced research facilities and skills support available within the Campus Technology Hub at Daresbury Laboratory, to develop and bring its cutting-edge environmental and energy monitoring solutions to the market more rapidly.
One of the new solutions developed by Sustainable Smart Technologies is a portable air quality monitoring system, which has already been instrumental in helping organisations understand and respond to the pressing need for healthier indoor environments.
The STFC Campus Technology Hub provides UK businesses with affordable access to the best skills and facilities in engineering research and development, so that they can solve their technology challenges and bring their ideas to market more quickly.
For Sustainable Smart Technologies, one of the stand-out research initiatives at the CTH has been the development of the Living Lab. This is a unique, interactive and dynamic space, designed to test and demonstrate sustainable smart technologies in real-world environments.
The Living Lab enables organisations to experience first hand the transformative impact of IoT-powered solutions, paving the way for rapid adoption of smarter, more sustainable building systems.
Paul Vernon, Head of STFC’s Daresbury Laboratory, said: “Sustainable Smart Technologies exemplifies the groundbreaking innovation that is thriving amongst the businesses located here at Daresbury Laboratory, and the wider Sci-Tech Daresbury campus.
“Its work is playing a pivotal role in shaping our sustainable, energy-efficient buildings of the future, delivering tangible benefits to society.”
Deyrick Allen, founder of IoT Horizon and now commercial director of Sustainable Smart Technologies, said: “Being located at Daresbury Laboratory has allowed us to be part of an ecosystem beneficial to start-up companies.
“Based in the CTH, we have the lab space to work hands-on and test our products, having access to STFC resources, networking opportunities and the generation of leads beneficial for our commercial projects.”
