Float IoT is proud to announce that Esyasoft Holding Ltd., a global leader in advanced metering infrastructure (AMI) solutions for the energy and utility sectors, has acquired a 70% stake in the company. This partnership represents a transformative milestone for Float IoT, granting the company a global platform to scale its innovative solutions and make a greater impact in the smart water technology space.

By joining forces with Esyasoft, Float IoT will accelerate its mission to empower water utilities with cutting-edge technological solutions aimed at reducing non-revenue water and enhancing operational efficiency. Esyasoft’s extensive experience in energy and utility markets, combined with Float IoT’s robust portfolio of IoT hardware and software solutions, creates a powerful synergy to address some of the most pressing water management challenges worldwide.

“This acquisition represents a pivotal moment for Esyasoft as we expand our footprint into the smart water market. The Netherlands has long been recognised for its leadership in water management, and integrating Float’s cutting-edge IoT technology with our own solutions allows us to build on this legacy. At Esyasoft, we believe that technology is the key to sustainable water management. By combining our expertise in AI and digital twinning with Float’s innovative product line, we are poised to deliver solutions that will not only address today’s water challenges but also pave the way for a more sustainable future.”

Bipin Chandra, Founder & Group CEO of Esyasoft Holding

“Since my first visit to the Esyasoft office in Dubai, I’ve felt like part of their family. The team there has shown they can achieve miracles under the visionary leadership of Bipin Chandra. I feel privileged to have this opportunity to grow the Smart Water business for Esyasoft. As I always say, water is a global issue with unique challenges everywhere, but technology is the key to long-lasting solutions.”

Harjan Brand, CEO of Float IoT