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BrainBox AI acquires automation division of Turntide Technologies

MONTREAL — BrainBox AI, involved in autonomous and generative AI building technology, announces its latest acquisition of the Automation Division of Turntide Technologies (Turntide). The market move furthers its position in AI-driven optimization solutions for the built environment. This purchase reportedly expands BrainBox AI’s ability to bring even further value to real estate and retail portfolios by enhancing the company’s current offering to a more comprehensive suite of building management features.

The cooperative agreement to acquire Turntide’s Automation business unit lays the foundation for future collaboration between the climate focused companies. “Following a successful transaction, the Automation division is poised to make an even greater impact in the market as part of BrainBox AI’s growing array of solutions for the built environment.” said Mark Cox, Interim CEO at Turntide Technologies.

The Automation business unit has grown extensively under Turntide’s stewardship. Currently it has more than 1,900 connected buildings located in North America and Europe, including leading Fortune 500 retail and banking companies. Its team brings experience building cloud-based integration and automation systems for the built environment. By merging this business with its autonomous building platform, BrainBox AI trying to set the stage to extend its reach in the market with this addition.

Both companies welcome this new chapter in their relationship. “Our latest acquisition sets an important tone for the industry. It marks a significant inflection point where two climate tech innovators, align over their shared mission to fight global climate change.” said Sam Ramadori, Chief Executive Officer at BrainBox AI. “Growth is a critical driver for success. As Turntide Technologies fulfills its business objectives, we recognize the synergy that this opportunity creates to accommodate their vision and ours. We hope to be able to support their mission to revolutionize the smart motor business with their cutting-edge technology and remain supportive of their future work as we both pursue this incredibly important mission.”