“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.
According to Siemens, Advanced Telemetry’s advanced wireless energy management technology will enhance Siemens’ overall Retail and Commercial Systems product and solutions portfolio. In most sectors of the economy the need continues to grow for energy consumption transparency to support cost-effective energy management. The acquisition is intended to help Siemens extend its reach into new and emerging markets including franchised, quick-serve, and full-service restaurants.
For more information, visit www.buildingtechnologies.siemens.com.
Publication date: 08/29/2011