The Building Technologies Division of Siemens Industry 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.
“We are keenly interested in developing solutions for our customers that help increase energy efficiency, margins, productivity and competitiveness.”
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, the press release says.
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.
In addition, Site Controls’ product line will 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 also make an 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 the Building Technologies Division significantly improves both companies’ position in the burgeoning Smart Grid/Smart Consumption market.”
“We are keenly interested in developing solutions for our customers that help increase energy efficiency, margins, productivity and competitiveness,” says 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,” Dan Sharplin, Site Controls CEO, says.
“This transaction takes the Site Controls vision to the next level and creates significant value for our customers, employees, shareholders, and for Siemens.”
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.
Terms of the acquisition are not disclosed and closing is subject to U.S. antitrust review and approval.
Related by The Swapper:
- Building Energy Management for the Mushy Middle Market (gigaom.com)
- Site Controls Enables Chain Operators to Provide Enterprise Visibility to Service Partners with Site-Command LiveView™ (eon.businesswire.com)
- Report: Smart Grid Outspends Smart Meters (nytimes.com)
- Why the Line Between Smart Grid & Demand Response Is Blurring (gigaom.com)