WEMS Raises £13 Million in Equity Financing for Building Energy Management Systems

Wireless Energy Management Systems International (WEMS), a UK-based provider of a fully wireless and web-enabled building energy management system, has raised £13m in equity financing

The company sold a majority equity stake to private equity fund manager WHEB Partners

Hermes GPE also took part in the transaction through the Hermes GPE Environmental Innovation Fund

WEMS provides retailers, telecoms companies, and other companies with a wireless building management system that enables them to operate and control HVAC, lighting, and security systems across multiple commercial locations

The company also offers outsourced, contract-based energy management services from its Energy Centre in Stockport.