Report: Site Controls to be acquired by Seimens division
New York City Site Controls LLC has signed a buy-out deal with the Building Technologies Division of Seimens Industry for an undisclosed amount, the Austin Business Journal reported Monday.
Austin-based Site Controls monitors clients using devices that detect real-time energy-consumption and usage from lighting, heating and air conditioning, wind turbines, trash compactors, batteries, signage, refrigeration and indoor air quality controls. The company also offers a turn-key energy aggregation and demand response service that reduces peak power demand when the electrical grid is under stress.
The acquisition deal is subject to U.S. antitrust review and approval.
"We are keenly interested in developing solutions for our customers that help increase energy efficiency, margins, productivity and competitiveness," Building Technologies Division president Andreas Schierenbeck said.