Toshiba Corp. Acquires Consert of San Antonio

imgres-9Toshiba Corp. has purchased Consert Inc., a privately-held company in San Antonio.
Consert is an energy management company that makes smart meters for homes and small businesses.
Consert is working with CPS Energy in San Antonio. It estimates its energy efficiency savings from 140,000 homes generates 250 megawatts that it supplies to the utility. The rollout started in mid-2012.
Under the terms of the acquisition, Consert is now a subsidiary of Toshiba.
“Operations in North America will be integrated with Landis+Gyr, the leading global provider of integrated energy management products and a Toshiba Group company,” according to the company.
“Consert is an ideal fit with Toshiba, a global leader in power generation, and the acquisition will add a new level of technology to our smart community business” Takeshi Yokota, Toshiba Cor. Executive Officer and Corporate Vice President said in a news release. “Smart community is a fundamental solution that includes energy management on both the demand and supply sides, along with management of transportation, water and in the medical field. Consert adds significantly to our smart community portfolio and advances our ability to propose industry-leading solutions in power supply and demand. We are now better positioned to support major utilities in generating and delivering stable power supply and to ensure end-user environments that optimize energy use and maximize energy savings”
Roy Moore, Consert’s Co-founder and Chief Development Officer said in a statement: “This step by Toshiba and Landis+Gyr is a huge milestone for our employees, partners and owners. It validates what our customers already know about the VPP—it is a solution designed to create and leverage a smarter grid.”
“Consert moved its headquarters from Raleigh, N.C., to San Antonio in 2011 as part of a deal that it signed with CPS to sell the city-owned utility its system,” according to the San Antonio Express-News.
The company has about 60 employees in San Antonio, the Express-News reports.

Comments

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