Spark New Zealand has signed a conditional agreement to acquire all remaining shares in leading environmental internet of things (IoT) provider Adroit, enhancing its ability to support New Zealand businesses in achieving productivity and sustainability through technology.
Mark Beder, Spark customer director – enterprise and government, noted that the investment shows the company’s commitment to investing in high-tech solutions to help New Zealand businesses adapt to an inflationary environment and transition to a low-carbon economy.
“Business and public sector organizations are facing a lot of challenges right now, from escalating costs to labor constraints and the need to reduce environmental impacts. IoT technology enables solutions that address many of these issues, allowing businesses to capture data on the physical and natural environments around them and using that data to inform better decision making. This acquisition will further grow our presence in the market and provide environmental monitoring solutions at scale to meet this increasing demand,” Mr. Beder stated.
Over the past few years, Spark has been impressed by Adroit's strong product portfolio and effective delivery of real-time environmental monitoring solutions to New Zealand clients. Adroit has been developing IoT-based real-time environmental monitoring solutions for construction, agribusiness, aquaculture, municipalities and infrastructure. The company also provides insights that improve operational decision-making and meet compliance reporting obligations beyond environmental impact monitoring.
Meanwhile, Spark IoT solutions — collectively monitoring building sites, natural water sources, business equipment, power, water meters and more — have notably reached 1.5 million connections this month.
Blair Stewart, CEO of Adroit, noted that the company has observed an increasing demand for environmental monitoring since businesses became more aware of the benefits and capabilities of such technologies.
“Spark’s investment in Adroit last year enabled us to work together to meet customer demand while allowing Adroit to continue to operate as a specialist player. This is the right time for Adroit to join Spark. Both our businesses are passionate about working with customers to create innovative solutions that deliver more sustainable outcomes. Being able to combine the sector expertise, innovation and capability of Adroit with Spark’s scale end-to-end offering and strategic focus will be of real benefit for our customers and our people and accelerate Adroit’s growth in this exciting market.” explained Mr. Stewart.
