July 05, 2018 13:26 
ENGIE announced the acquisition of 60% of Flashnet, a Romanian Internet of Things (IoT) company. Thanks to its solutions, many cities, both large and small, already enjoy all the benefits of smart public lighting networks.
With this acquisition, ENGIE strengthens its position on the smart public lighting market. Established in 2005, Flashnet is continuously focusing on R&D which allows it to be at the forefront of IoT developments and launch innovative solutions for municipalities.
Engie was assisted in this transaction by Tuca Zbarcea & Asociatii, with a team coordinated by Silvana Ivan, Partner.
“The acquisition of Flashnet responds to ENGIE’s goal to be a reliable partner of the cities and territories by proposing them highly competitive intelligent energy management systems for better cities and utility grids. We are glad to strengthen our competencies in both intelligent lighting and grid infrastructures and to provide to our customers better solutions integrating IT, energy and telecommunications technologies” stated Eric Stab, CEO of ENGIE Romania.
“We are very pleased to join the ENGIE Group and believe this is a stepping stone for us to be at the core of the IoT expansion. We share ENGIE’s view on the energy transition and are very excited to contribute with our expertise to the strategy of the Group ”, stated Lorand Mozes, CEO and founder of Flashnet.
