ACHRNEWS

Siemens, Emcor Form Alliance

October 13, 2003
BUFFALO GROVE, Ill. - Siemens Building Technologies Inc. and Emcor Facilities Services Inc. have entered into an alliance which both parties believe will be mutually beneficial for the customers of each company.

As part of the agreement, Emcor will purchase Siemens' Facilities Management Services (FMS) business in the United States. The Siemens FMS business provides facilities services to single buildings and corporate campuses throughout the United States.

Emcor's Facilities Services is a supplier of mobile and onsite building operations and maintenance services and facilities management services.

"For customers looking to outsource a broad range of facilities services, the Siemens-EMCOR alliance will be able to bundle the best and most comprehensive solution available," said Stan Kunka, president and CEO of Siemens Building Technologies Inc. "The alliance will pool its knowledge and expertise in order to provide customers with improved value, increased efficiencies and, overall better facilities performance."

Financial details of the transaction were not disclosed.

Publication date: 10/13/2003