News June 18, 2021

Kiona is launched!

Kiona is launched

Kiona is launched!

We are proud to announce the name of the new group – Kiona.  We continue to pursue our objective of becoming the leading proptech platform in Europe.

Kiona was formed through the merger of IWMAC AS and Egain Group earlier this year, and shortly after Cebyc AS and Cebyc GmbH and Moldeo AB were acquired into the group. The companies will continue to operate under their existing brand names. A name change to Kiona will be implemented later.

The group aims to optimize resource efficiency while reducing emissions from buildings through the monitoring, control and optimization of energy usage.

Buildings account for 40% of Europe’s carbon emissions – mainly arising from heating and cooling – and 75% of all buildings are energy inefficient. With forecasts indicating that as much as 95% of today’s building mass will still be in use in 50 years’ time, optimising the energy consumption of this sector will play a key role in achieving the EU’s target to reduce greenhouse gas emissions by 55% by 2030. For Kiona, this challenge represents an enormous opportunity.

Learn more at www.kiona.com

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