NEW YORK and LONDON, Feb. 5, 2025 -- WellStat, a U.S.-based leader in energy management and air quality monitoring solutions, has acquired UK-based Iknaia Limited and its highly innovative Airscan product portfolio. This acquisition marks a significant milestone for WellStat, expanding its global footprint and enhancing its offerings to meet the growing demand for comprehensive indoor and outdoor air quality monitoring. Terms of the transaction were not disclosed. WellStat is a portfolio company of Gainline Capital Partners.
Customers will benefit from the combination of Iknaia's advanced Airscan technology and WellStat's expertise in air quality monitoring, energy optimization, and intelligent building solutions. Together, they are uniquely positioned to transform built environments across industries such as commercial real estate, healthcare, government, and education.
"This acquisition underscores WellStat's commitment to innovation and global impact," said Dave Brown, CEO of WellStat. "By integrating Iknaia and Airscan with WellStat's existing capabilities, we are better positioned to help buildings and communities address air quality challenges and create healthier spaces. Wellstat's CFO, John Gaganiaras, added, "Iknaia aligns seamlessly with our growth strategy. The Airscan product portfolio enhances our capabilities and enables us to better serve new markets and geographies worldwide."
Gainline Partner Kerri McNicholas commented, "WellStat continues to advance its strategic goals and expand its portfolio of innovative solutions. The addition of Iknaia will create even greater value for customers and stakeholders. We are excited to support continued organic and inorganic growth."
About WellStat
WellStat is a leading PropTech company transforming energy management and air quality solutions for all built environments. Through advanced data analytics, IoT integration, and smart building solutions, WellStat helps its customers reduce operational costs and emissions, improve grid reliability, meet sustainability targets, and enhance occupant well-being. For more information, visit www.wellstat.io.
About Iknaia Limited
Iknaia specializes in air quality monitoring solutions that support healthier and more sustainable environments. Its Airscan product delivers real-time data with precision and reliability, helping businesses, local authorities, and institutions achieve their environmental and operational goals. For more information, visit www.iknaia.co.uk and airscan.io.
About Gainline Capital Partners
Gainline Capital Partners is a private equity firm that partners with middle-market companies to drive growth and operational excellence. The firm invests in established, growth-oriented companies prioritizing first institutional capital partnership opportunities, helping execute management teams' vision, driving sustainable growth, and creating long-term value. For more information, visit www.gainlinecapital.com.
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