- With the acquisition of Axonize, Planon is taking another step in realizing its ambition of enabling connected buildings at scale and is further strengthening its market leading position in smart building systems.
- The fully integrated Internet of Things (IoT) Platform from Axonize will play a critical role in Planon’s 360-degree building digitization strategy.
- Axonize complements Planon’s ‘Open Platform’ approach by providing out-of-the-box connections with smart devices and sensors from a variety of vendors.
Overview
On June 7, 2021, Planon acquired Axonize, an Israeli developer of a market leading, cloud based IoT Platform.
Financial terms of the transaction were not disclosed.
Significance
Catapult’s role
- The Catapult team served as Axonize’s strategic and financial advisor, supporting the development and execution of Axonize’s M&A strategy.
“As a first-time CEO, I was able to rely on the expert guidance that I consistently received from the team at Catapult as we prepared the company for an exit. They took the time to really understand our technology and help us find the right strategic partner. The Catapult team leveraged their decades of relevant experience to help us manage many complex decisions throughout the process. More than anything, I really appreciated their focus and tireless dedication.”
