WellStat, a U.S.-based leader in energy management and air quality monitoring solutions, has acquired UK-based Iknaia Limited and its highly innovative Airscan product portfolio. This acquisition marks a significant milestone for WellStat, expanding its global footprint and enhancing its offerings to meet the growing demand for comprehensive indoor and outdoor air quality monitoring. Terms of the transaction were not disclosed. WellStat is a portfolio company of Gainline Capital Partners.
Customers will benefit from the combination of Iknaia’s advanced Airscan technology and WellStat’s expertise in air quality monitoring, energy optimization, and intelligent building solutions. Together, they are uniquely positioned to transform built environments across industries such as commercial real estate, healthcare, government, and education.
“This acquisition underscores WellStat’s commitment to innovation and global impact,” said Dave Brown, CEO of WellStat. “By integrating Iknaia and Airscan with WellStat’s existing capabilities, we are better positioned to help buildings and communities address air quality challenges and create healthier spaces. Wellstat’s CFO, John Gaganiaras, added, “Iknaia aligns seamlessly with our growth strategy. The Airscan product portfolio enhances our capabilities and enables us to better serve new markets and geographies worldwide.”
Gainline Partner Kerri McNicholas commented, “WellStat continues to advance its strategic goals and expand its portfolio of innovative solutions. The addition of Iknaia will create even greater value for customers and stakeholders. We are excited to support continued organic and inorganic growth.”
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