The Building Technologies Division of Siemens Industry, Inc. (NYSE: SI) announced Friday it has signed an agreement to acquire Site Controls, LLC, the Austin, Texas-based provider of 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’ business in the retail and commercial markets, including big box retailers, fitness clubs, convenience stores and restaurants.
Site Controls’ energy management platform also includes 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 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.
"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," said Andreas Schierenbeck, President of the Building Technologies Division. "Furthermore, our customers can participate in Smart Grid demand response programs with local utilities."
The commercial energy management systems market is expected to surpass $6 billion by 2014, according to a recent analysis.
Loading...