Emerson obtains minority ownership of Transformative Wave
Transformative Wave's portfolio of solutions enables commercial customers to deploy real-time equipment status monitoring, automated fault detection and diagnostics and building automation control.
Emerson, St. Louis, announced a strategic investment in Transformative Wave, a Kent, Wash.-based provider of technologies to help drive energy savings for rooftop HVAC systems, including cloud-based building automation control, remote monitoring and diagnostics. The collaborative relationship will be housed under Emerson’s commercial and residential solutions business.
“Our investment in Transformative Wave complements our existing presence within the retail, foodservice and commercial buildings markets,” says Bob Sharp, executive vice president and commercial and 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 customers in the HVAC industry,” says Danny Miller, president, Transformative Wave. “Having Emerson as a business partner provides us additional reach into key growth markets and new synergy options for our energy efficiency technologies.”
Among Transformative Wave’senergy-saving technologies is its CATALYST efficiency upgrade, a rooftop unit (RTU) solution that is said to reduce HVAC energy use by 25-50%. 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.
“Transformative Wave is a good fit for Emerson,” adds Mark Dunson, group vice president, electronics and solutions, Emerson. ”This is an up-and-coming business that has demonstrated strong, rapid growth in recent years and creates an immediate footprint for Emerson in the broader commercial buildings space. Transformative Wave’s industry award-winning technology enhances Emerson’s growing portfolio of connected solutions that help building owners reduce operating costs while leveraging the existing installed base of assets and investments.”
Emerson’s investment in Transformative Wave follows the acquisitions of PakSense and Locus Traxx.