By Pietro Lombardi

Engie SA (ENGI.FR) on Thursday announced the takeover of Swiss startup tiko, which offers solutions to manage electrical equipment in private homes, via a capital increase, the French company said.

Tiko shareholders Swisscom AG (SCMN.EB) and Repower AG will keep their stakes in the startup, Engie said.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

March 14, 2019 07:03 ET (11:03 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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