ACHRNEWS

Siemens Acquires Advanced Telemetry

September 19, 2011
BUFFALO GROVE, Ill. — Siemens Industry Inc. announced it has acquired substantially all of the assets of Advanced Telemetry LLC, a San Diego-based company offering end-to-end wireless and cloud-based energy management solutions for retail and commercial businesses. Financial terms were not disclosed.

“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