ENGIE takes over tiko through a capital increase

ENGIE has announced the takeover of tiko through a capital increase. Swisscom and Repower, current tiko shareholders, retain their stake in the company's capital.

tiko, a Swiss startup established in 2012, has developed a unique technology for exploiting the full potential of electrical equipment (water heaters, heat pumps, solar panels, batteries, electrical outlets etc.) that may be present in most individual homes. The tiko solution connects these devices to a platform and makes them controllable. The user has a personalized dashboard that centralizes all his data in a highly secure way, he can then control his electricity consumption and comfort according to his needs, or optimize his self-consumption strategy (heating the DHW, supplying the household appliances via the connected sockets, battery charging, etc.) and reduce his electricity bill.