Chameleon Technology (UK) Ltd, the Harrogate-based smart energy technology company, has acquired GenGame Ltd, Leicester-based specialists in consumer energy technology and app development.
The deal signals the next milestone in Chameleon Technology’s plans to provide consumers with a platform for intelligent, optimised control over their home energy system, which will be a crucial element of everyone’s personal journey to net zero.
Mike Woodhall, CEO, Chameleon Technology, says: “Acquiring GenGame is a timely strategic move to further advance our product roadmap. Our focus is on enabling all consumers to understand and reduce both their energy consumption and carbon emissions.
“With this acquisition we gain another means of empowering those consumers and the ability to put the data needed to help them on their personal journey to net zero in their hands. We are aiming to make the management of home energy smarter, simpler, greener and more personalised.
“GenGame’s experience in delivering applications that demystify some of the complexity of the energy system is going to be a big part of this. The acquisition is well-timed to leverage and support the transformation of the energy industry and will cement our position as a leader in smart home energy management.”
Stephane Lee-Favier, Managing Director, GenGame, says: “It is great to be joining the Chameleon Technology group, and at a very exciting time for the future of energy. We are looking forward to scaling and commercialising what we have built and driving a consumer-led, low-carbon offering together.
“Both of our companies’ missions are totally aligned in allowing the consumer to see value in changing their home energy behaviour, and this makes it an ideal opportunity for GenGame.”
GenGame, who work with utility companies including Ecotricity, Green Energy UK and So Energy, will become a wholly-owned subsidiary of Chameleon Technology (UK) Ltd and will exist as an ongoing entity.
GenGame will continue to be based in Leicester and all of the staff will remain in place with Stephane Lee-Favier as Managing Director. Stephane will also be joining the Chameleon Technology Operations Board to provide strategic input into future technology developments.
