Aug. 31, 2011: Siemens Acquires Advanced Telemetry
BUFFALO GROVE, Ill. — Siemens Industry Inc. announced that it has acquired substantially all of the assets of Advanced Telemetry LLC, a San Diego-based company offering end-to-end wireless and cloud-based energy management solutions for retail and commercial businesses. Financial terms were not disclosed.
“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.”