Siemens Acquires Spanish Water-Leak Software Company BuntPlanet
December 05 2023 - 8:19AM
Dow Jones News
By Pierre Bertrand
Siemens has acquired Spanish software company BuntPlanet as it
seeks to expand its artificial intelligence offerings, it said
Tuesday.
The company makes software that assists with metering, water
quality, reducing water loss and uses artificial intelligence for
detecting water-network leaks.
The German industrial group said that BuntPlanet has been a 100
percent subsidiary of Siemens Spain since Friday, the company
said.
Siemens has had a licensing agreement with the San
Sebastian-based company to sell its SIWA LeakPlus software since
2019.
"Once the integration has fully concluded, Siemens will make
BuntPlanet's offering also available on its open business platform,
Siemens Xcelerator," the company said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
December 05, 2023 08:04 ET (13:04 GMT)
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