BUFFALO GROVE, Ill., Oct. 1 /PRNewswire-FirstCall/ -- The Building Technologies Division of Siemens Industry, Inc. (NYSE: SI) announced today it has signed an agreement to acquire Site Controls, LLC, the Austin, Texas-based provider of enterprise-wide energy management solutions for multi-site commercial businesses. Terms of the acquisition are 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™, a turn-key energy aggregation and demand response solution which reduces peak power demand when the electrical grid is under stress. SureGrid offers customers, utilities and grid operators an industry-leading 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.
"We are keenly interested in developing solutions for our customers that help increase energy efficiency, margins, productivity and competitiveness," said Andreas Schierenbeck, President of the Building Technologies Division. "With Site Controls' energy management platform as part of our product portfolio, we have new tools to offer business owners and facility managers that centrally manage energy across the enterprise. Furthermore, our customers can participate in Smart Grid demand response programs with local utilities. The new offering of Siemens Building Technologies combined with the Energy Sector will accelerate our growth in the fast expanding Smart Consumption/Smart Grid market."
"We are proud of the efforts of our team which built Site Controls into a technology leader and are thrilled to be joining forces with Siemens, a world-wide pioneer of efficiency and smart grid solutions," said Dan Sharplin, Site Controls CEO. "This transaction takes the Site Controls vision to the next level and creates significant value for our customers, employees, shareholders, and for Siemens."
Siemens will continue to offer the same level of expertise and quality solutions that Site Controls' customers have come to expect. Over the last several years, Site Controls' product innovation, technical flexibility and customer focus have been providing commercial building operators with solutions that consistently deliver operating transparency from location to location. Siemens plans to maintain Site Controls' 75-person team in Austin and integrate its solutions into the Building Technologies Division's overall product portfolio.
About Site Controls
Site Controls is a leading provider of enterprise energy management, facilities intelligence and smart grid solutions. Site Controls' Site-Command™ above-site energy management platform monitors and controls major energy-consuming devices such as HVAC, lighting, refrigeration, signage and more, to drive down energy and maintenance costs. Site Controls energy management solutions incorporate energy efficiency, corporate social responsibility, comfort and controls, operational intelligence, and demand response services. By providing persistent, real-time access, visibility and control over thousands of assets and sites, Site Controls helps chain retailers and branch banks create a compelling customer experience while simultaneously saving money, reducing emissions, and improving business efficiency.
Siemens Industry, Inc. (SII) is the U.S. affiliate of Siemens AG's global Industry Sector business—the world's leading supplier of production, transportation and building technology solutions. Siemens' integrated hardware and software technologies enable comprehensive industry-specific solutions for industrial and infrastructure providers to increase their productivity, sustainability and profitability. The Industry Sector includes six divisions: Building Technologies, Industry Automation, Industry Solutions, Mobility, Drive Technologies and OSRAM SYLVANIA. With nearly 222,000 Siemens Industry Sector employees worldwide, the Industry Sector posted a worldwide profit of $2.7 billion on revenues of $47.7 billion in fiscal 2009. www.usa.siemens.com/Industry
A division of Siemens Industry, Inc. (SII), Building Technologies (BT) Division is a leading provider of energy and environmental solutions, building controls, electrical distribution equipment, fire safety and security systems solutions. BT's solutions enable America's buildings to be more comfortable, secure and environmentally friendly as well as less costly to operate. With its U.S. headquarters in Buffalo Grove, Ill., BT employs 9,000 people and provides a full range of services and solutions from more than 100 locations coast-to-coast. Worldwide, the Building Technologies Division of Siemens Industry Sector has 28,000 employees and operates from more than 500 locations in 51 countries. It posted worldwide revenues of $8.1 billion in fiscal 2009.
SOURCE Siemens Industry, Inc.