As part of the alliance arrangement, the companies have entered into an agreement for EMCOR to 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 U.S. Financial details of the transaction were not disclosed.
EMCOR Facilities Services is a supplier of mobile and on-site building operations and maintenance services and facilities management services. The company currently provides services to customers in over 850 million square feet of space worldwide.
Siemens Building Technologies provides building infrastructure solutions for comfort, life safety, security systems, and energy efficiency. It manufactures and markets building controls and fire protection and security systems for civic, commercial, and industrial properties, specializing in education, health care, government, and high-tech manufacturing facilities, as well as campus-style corporate complexes.
“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 chief executive officer of Siemens Building Technologies. “The alliance will pool its knowledge and expertise in order to provide customers with improved value, increased efficiencies, and overall better facilities performance.”
“Customers are looking for strategic partners that can offer single-source facilities solutions,” said Frank T. MacInnis, chairman and chief executive officer of EMCOR Group. “Combining Siemen’s broad range of building technology product solutions with EMCOR’s portfolio of comprehensive facilities services creates an end-to-end building management resource for facility owners. In addition, both organizations have strong commitments to provide complete customer satisfaction.”
Siemens and EMCOR expect the alliance to open up revenue growth for both companies by capitalizing on each other’s market presence. Siemens will be introduced to EMCOR’s customer base, and vice versa.
For more information on Siemens Building Technologies, visit www.sbt.siemens.com. For more information on EMCOR Group and its Facilities Services business, visit www.emcorgroup.com.
Publication date: 10/06/2003