Indoor Air Quality (IAQ) monitoring company, Airthings, has acquired Norwegian proptech company, Airtight.
The smart sensor technology developed by Airtight can significantly reduce energy waste from buildings.
As a result of the acquisition, Airthings has a global product portfolio to help businesses use air quality and environmental data to improve energy efficiency and comfort.
By acquiring Airtight, Airthings can now provide customers with the previously untapped capability to address both air quality and energy efficiency in buildings through one combined solution, according to Airthings CEO, Oyvind Birkenes.
“The acquisition is officially complete as of today, and Airtight's entire staff and product portfolio have been absorbed into the Airthings family,” he said.
"The company has an all-in-one solution which not only monitors and identifies potential issues but also solves them.
“Thanks to Airtight’s patented technology, we’re fully equipped to help our customers achieve a balance between occupant health and operational bottom lines while reducing the global carbon footprint. This partnership will be a win-win for both our clients and the world,” he said.
Airtight’s patented proptech technology monitors air pressure in buildings and uses cloud-based algorithms to dynamically control ventilation systems. This can reduce radon levels, prevent moisture, and extend the lifetime of buildings while minimizing energy waste and optimizing indoor comfort.
“Buildings consume 40 per cent of the world’s energy and of that more than 12 per cent leaks into thin air,” according to Per Magne Helseth, CEO of Airtight.
“Our goal is to be in every building and cut global energy consumption by five per cent. Airthings is well-aligned with our vision, and their complementary technology and global presence will enable us to reach our goal faster.”
Airthings products are available in Australia and the company has a growing presence in the Asia Pacific, a company spokesperson told CCN.
The United Nations’ Intergovernmental Panel on Climate Change (IPCC) and the International Energy Agency (IEA) identified ‘building airtightness’ as the most cost-efficient way to reduce CO₂ emissions and energy usage.
Most of the buildings that will be in use by 2050 are already built. With long lifespans, optimizing energy usage and indoor air in buildings is a cost-effective way to significantly reduce unnecessary carbon emissions.