Brookfield has taken a stake in CrescoNet.
The equity investment will be used to accelerate CrescoNet’s product and market expansion into North American water, gas, and electric utilities.
John Stafford, president for CrescoNet North America, said, “We value the Brookfield partnership and view it as clear confirmation of our strategy, execution, and market opportunity. We believe the pace and precision of our innovation, acquisitions, partnerships, expert delivery, and customer care are already making an important difference for our customers. This partnership will further accelerate our product and services expansion focused on delivering high quality services to North American utility clients.”
CrescoNet and its wholly owned subsidiary, Smart Earth Technologies (SET), deliver advanced metering infrastructure solutions to water, gas, and electric utilities, and solar, EV, and battery connectivity and control for electric utilities.
