Oct. 12, 2010: Siemens to Acquire Site Controls
October 12, 2010
BUFFALO GROVE, Ill. - The Building Technologies Division of Siemens Industry Inc. announced that it has signed an agreement to acquire Site Controls LLC, an Austin, Texas-based provider of enterprise-wide energy management solutions for multi-site commercial businesses. Terms of the acquisition were not disclosed and closing is subject to U.S. antitrust review and approval.
According to Siemens, Site Controls’ energy management platform, Site-Command™, integrates hardware and software to provide customers with real-time centralized visibility and control of multiple locations from a central point. Site Controls’ product line broadens Siemens’ portfolio of building automation and HVAC control solutions and is intended to drive Building Technologies’ leadership in the retail and commercial markets, including big box retailers, fitness clubs, convenience stores, and restaurants, said the company.
Site Controls further leverages its energy management platform through SureGrid™, a turn-key energy aggregation and demand response solution which reduces peak power demand when the electrical grid is under stress. SureGrid offers customers, utilities, and grid operators an automated, cloud-based intelligent load management technology. The combined portfolio of Site Controls and Siemens will further strengthen Siemens’ position in the growing smart consumption/smart grid market, the company said.
“We are keenly interested in developing solutions for our customers that help increase energy efficiency, margins, productivity, and competitiveness,” said Andreas Schierenbeck, president of the Building Technologies Division. “With Site Controls’ energy management platform as part of our product portfolio, we have new tools to offer business owners and facility managers that centrally manage energy across the enterprise. Furthermore, our customers can participate in smart grid demand response programs with local utilities. The new offering of Siemens Building Technologies combined with the energy sector will accelerate our growth in the fast expanding smart consumption/smart grid market.”
“We are proud of the efforts of our team which built Site Controls into a technology leader and are thrilled to be joining forces with Siemens, a world-wide pioneer of efficiency and smart grid solutions,” said Dan Sharplin, Site Controls CEO. “This transaction takes the Site Controls vision to the next level and creates significant value for our customers, employees, shareholders, and for Siemens.”
Siemens plans to maintain Site Controls’ 75-person team in Austin and integrate its solutions into the Building Technologies Division’s overall product portfolio.
For more information, visit www.usa.siemens.com/buildingtechnologies.
Publication date: 10/11/2010