Shell acquires battery start-up sonnen

Shell agrees to acquire sonnen, expanding its offering

of residential smart energy storage and energy services

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Shell New Energy has agreed to acquire 100% of sonnen, a leader in smart energy storage systems and innovative energy services for households. This follows an investment by Shell in May 2018 and means that post regulatory approval and completion sonnen will become a wholly owned subsidiary of Shel

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Munich Re acquires relayr

Munich Re buys IoT middleware

startup, realyr, in deal worth 300M

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MVP portfolio company relayr, whose middleware platform is geared towards helping industrial companies unlock data insights from their existing machinery and production line kit by linking Internet connected sensors and edge devices to platform controls, has been acquired by US based Hartford Steam Boiler, a subsidiary of insurance group Munich Re.

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