The deal will enable Dar Group companies to access a greater level of technological excellence on behalf of its clients
Dar Group has just announced that it has acquired a majority stake in a building analytics solutions provider. CopperTree is headquartered in Canada and is known for its Kaizen platform that is said to utilise patented data-contextualising technology to solve prevalent issues in building energy management and data integrity.
According to a statement, the deal will see CopperTree join the Dar Group of companies, and enable Dar to grow its market share and provide a more integrated digital service offering across its core markets, including transportation, buildings, energy, water and industrials.
Dar Group companies will be able to access a greater level of technological excellence on behalf of its clients, through CopperTree’s patented technology and leadership team of experienced subject matter experts, the statement explained.
In early February 2023, Aldar Properties formed a JV with Dubai Holding to enter the Dubai real estate market and, in early March, ALEC Energy partnered with Solar Earth to bring pavement integrated photovoltaic solutions to the GCC.
Through the deal, CopperTree is expected to gain access to a wider range of global markets which, in turn, will enable continuous growth for its Kaizen tools. These advanced platforms monitor the performance of built assets, improving decision making through the availability of live data and actionable insights.
CopperTree’s offering is expected to directly complement Dar Group’s existing ‘Para’ digital twin solution. The platform is said to allow those who own and operate assets to unlock the potential of vast amounts of untapped operational and IT data, paving the way for cost savings and for more productive, efficient, sustainable, and resilient performance.
The statement noted that CopperTree’s platform was purpose-built and consists of an energy information system (EIS) and a fault detection and diagnostics (FDD) platform with integrated system performance auditing. Using a SaaS model paired with managed services, CopperTree provides insights designed to save customers money and energy.
Later in March 2023, Egis announced that it would acquire Saudi-based Omrania.