Emerson Invests In Minority Ownership of Transformative Wave, Expanding Presence in HVAC Energy-Saving
St. Louis, MO‒ Emerson today announced a strategic investment in Transformative Wave, a Kent, Washington-based provider of technologies to help drive energy savings for rooftop HVAC systems, including cloud-based building automation control, remote monitoring and diagnostics. Terms of the new collaborative relationship, to be part of Emerson’s Commercial & Residential Solutions business, were not disclosed.
“Our investment in Transformative Wave complements our existing presence within the retail, foodservice, and commercial buildings markets,” said Bob Sharp, Executive Vice President and Commercial & 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,” said 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.”
Founded in 2010, Transformative Wave is privately-owned, with 31 employees. Among its energy-saving technologies is its CATALYST efficiency upgrade, a roof top unit (RTU) solution that can reduce HVAC energy use by 25-to-50 percent. 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, all driving deeper efficiency savings for its customers.
“Transformative Wave is a good fit for Emerson,” said Mark Dunson, Group Vice President, Electronics & Solutions, Emerson. ”This is an up-and-coming business that has demonstrated strong, rapid growth in recent years and creates an immediate footprint for -2- 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 two acquisitions announced last month, also for its Commercial & Residential Solutions business. PakSense and Locus Traxx are both leaders in providing temperature monitoring technologies for food and high-value shipments throughout the entire supply chain to promote freshness and quality. Emerson will include Locus Traxx and PakSense in a newly-formed business focused on cargo-based solutions.