Siemens Acquires Advanced Telemetry
“The Advanced Telemetry acquisition enables Siemens to expand its reach into new vertical markets and channels,” said Rich Lattanzi, vice president of Control Products and Systems, Building Technologies Division of Siemens Industry Inc. “The acquisition helps Siemens to solidify its range of energy management and wireless solutions from very large buildings and campuses right down to smaller, 10,000-square-foot or less franchised retail fast-food restaurants.”
Thomas Naylor, founder, CEO, and CTO of Advanced Telemetry will join Siemens Building Technologies as director of cloud computing. “We are pleased that the Advanced Telemetry asset acquisition will help Siemens expand in the small commercial market,” said Lyle Deitch, Advanced Telemetry COO.
Publication date: 09/19/2011