Siemens Acquires Site Controls
November 15, 2010
BUFFALO GROVE, Ill. - The Building Technologies Division of Siemens Industry Inc. 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.
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.
Site Controls further leverages its energy management platform through SureGrid™, an energy aggregation and demand response solution that 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 burgeoning smart consumption/smart grid market.
Siemens plans to maintain Site Controls’ 75-person team in Austin and integrate its solutions into the Building Technologies Division’s overall product portfolio.
Publication date: 11/15/2010