Orion Energy Systems, Inc., a provider of energy-efficient LED lighting, controls and IoT systems, including turnkey project implementation, program management and system maintenance, announced a $0.5 million strategic investment in ndustrial, a provider of software and services that seamlessly optimize industrial facilities across all stages of discrete and process manufacturing supply chains.
Orion secured an equity stake in ndustrial by participating in the Company’s $6 million Series A financing, co-led by ENGIE New Ventures and Clean Energy Ventures. ndustrial’s software solution enables customers to better access, aggregate, analyze, optimize, and act on data. Its customized solutions are backed by extensive service and support.
Mike Altschaefl, CEO, Orion, said: “Orion’s goal is to deliver improved business performance and value to our customers, starting with turnkey energy-efficient LED lighting and control systems and services and building on that foundation with complementary technologies, products and services. We were very impressed with ndustrial’s management team and business and believe there is great synergy between our organizations, our solutions and our collective customer base. Our investment in ndustrial builds on this potential supports their progress and forges a closer strategic relationship and more robust solutions set to offer to our customers going forward.”