Sagemcom has acquired Odit-e to strengthen its position in the energy and water management market
Rueil Malmaison, 10th July 2023
Sagemcom, world leader in broadband communications and energy solutions, has acquired Odit-e, a french digital player specialized in artificial intelligence solutions for the planning, management and maintenance of low-voltage electricity and drinking water distribution networks.
This acquisition enables Sagemcom to expand its range of software solutions ("SICONIATM software suite") for network operators, based on Odit-e's expertise in analyzing data collected by smart meters and sensors on networks.
By integrating Odit-e's complementary skills and knowledge, Sagemcom is strengthening its position in the booming electricity and water distribution markets, and helping to boost its visibility and growth in these sectors.
"We are delighted to announce this strategic acquisition, which strengthens our expertise in energy transition and enables us to meet the growing needs of energy and water distribution operators," says, Patrick SEVIAN, Sagemcom CEO. "By combining the skills of Odit-e and Sagemcom, we are convinced that we will be able to offer even more innovative and high-performance industrial solutions to our customers".
Odit-e, officially joined Sagemcom on July 7th, 2023, thus becoming a subsidiary of Sagemcom Energy&Telecom.