OrionTEK to transform how buildings will be managed in the future
Mita Srinivasan
10X Technology

OrionTEK to transform how buildings will be managed in the future

Eltizam’s acquisition of Orion Systems to form OrionTEK expected to unlock USD 120 million in future revenues

OrionTEK, established to design and deploy solutions that disrupt how physical assets are operated and managed, is a part of Eltizam’s revenue diversification strategy with proptech as a key future focus area and revenue driver. Eltizam Asset Management Group acquired Orion Systems to form OrionTEK in a move that is expected to add USD 120 million to the Group’s future revenues and will be at the center of Eltizam’s strategy to leverage the next-generation Internet of Things (IoT) technology to transform the efficiency of security, maintenance and energy management processes in the built environment.

OrionTEK will work with Eltizam’s in-house experts to develop new solutions for security management, energy management and predictive maintenance. The overall goal is to offer solutions that significantly improve how buildings are managed.

Employing a young and motivated team of technology experts focused on the built environment, OrionTEK promises to deliver customized solutions across four continents for clients that include major international airports, global e-commerce giants and leading real estate developers.

Chris Roberts, CEO, Eltizam, said: “Advanced technologies continue to disrupt industries worldwide, paving the way for fresh opportunities for business success, and the built environment is no exception. As a leading provider of asset management services, we want to not only be part of this transition to the digital world but also to be at the forefront of this movement.”

Elizam’s digital transformation efforts are pivotal to the Technology pillar of its ‘Get Wonky’ culture, an organizational and business enhancement framework. ‘Get Wonky’ was launched to enhance customer experience, inspire excellence within the Group’s workforce, highlight its treasured values and sustain revenue growth and strong performance.

The latest acquisition is expected to solidify Eltizam’s position as the leading asset management company in the Middle East, as well as bolster its footprint and influence across the region in line with the company’s expansion strategy.

Keeping pace with the rapid digital developments and their varied applications, OrionTEK will help lay the groundwork for Eltizam to be future proof. It will enable the Group to effectively adapt to the changes brought about by relevant technological advances and projects that are redefining the industry and the whole of the global built environment community.