Parties
Company
Dar Group
Company
CopperTree Analytics Inc.
On March 13, 2023, Dar Group recently acquired a majority stake in CopperTree, a Canadian company specializing in building analytics solutions. This strategic move positions CopperTree within the Dar Group of companies, enhancing Dar Group's market presence and enabling it to offer more comprehensive digital services across its primary sectors: transportation, buildings, energy, water, and industrials.
The acquisition brings technological advantages to Dar Group, leveraging CopperTree's patented technology and its team of expert subject matter leaders. For CopperTree, the affiliation with Dar Group opens doors to a broader spectrum of global markets, fostering continued growth of its 'Kaizen' tools. These advanced systems monitor built assets' performance, offering real-time data and actionable insights for improved decision-making.
CopperTree's solutions are expected to synergistically augment Dar Group's existing 'Para' digital twin platform. Para facilitates asset owners and operators in harnessing operational and IT data, leading to cost savings, efficiency, sustainability, and resilient performance.
Deal Type
Merger & AcquisitionIndustry
Tech/Computer/ITTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
30 June 2023