-- Arcadia, an energy intelligence platform, said Friday it will acquire Engie Impact for an undisclosed amount, to develop a unified solution for managing full lifecycle utility data, from bills payment to energy procurement.
The combined platform is expected to aggregate massive amount of data, serving more than 1,500 enterprises and processing over $30 billion in annual utility payments.
Services to customers of both companies will remain uninterrupted during the integration period, according to the statement.
Engie Impact is the utility expense, data management, energy procurement, and sustainability advising arm of French utility Engie.