Siemens acquires Advanced Telemetry
August 17, 2011 – Siemens Industry 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,” says 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 sq. ft or less franchised retail fast-food restaurants.”
Thomas Naylor, Founder, CEO and CTO of Advanced Telemetry will join Siemens Building Technologies as Director of Cloud Computing. “We are pleased that the Advanced Telemetry asset acquisition will help Siemens expand in the small commercial market,” says Lyle Deitch, Advanced Telemetry COO.
Advanced Telemetry’s advanced wireless energy management technology will enhance Siemens’ overall Retail and Commercial Systems product and solutions portfolio. In most sectors of the economy the need continues to grow for energy consumption transparency in support of cost-effective energy management. Siemens acquisition is intended to help extend its reach into new and emerging markets including franchised, quick-serve and full-service restaurants.
Siemens Industry, Inc. is the U.S. affiliate of Siemens’ global Industry Sector business—the world’s leading supplier of production, transportation and building technology solutions. The company’s 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 204,000 Siemens Industry Sector employees worldwide, the Industry Sector posted a worldwide profit of $4.7 billion on revenues of $47.3 billion in fiscal 2010.
MORE INDUSTRY NEWS
ABB's John Malinowski recieves Motor Summit 16 award
John Malinowski, Senior Director of Industry Affairs for Baldor, the ABB Group Company received a MS’16 Award in recognition “for his personal...
GMTA announces Scott Knoy as company Vice President
Knoy will continue to oversee the sales and marketing of the company, in addition to other administrative duties at the Ann Arbor headquarters.
MENNEKES introduces online power distribution configuration tool
Using the configuration tool, users can build a standard or custom AMAXX power distribution center in less than a minute.
Fluenta to provide gas monitoring systems to Malaysian refinery
Fluenta’s flare gas monitoring systems will be installed at the Petronas refinery and petrochemical integrated development (RAPID) complex in...
Phoenix Contact and Flowserve join Endress+Hauser's Open Integration Partner Program
Endress+Hauser’s Open Integration Partner Program strives to mitigate risks when commissioning customer plant by ensuring that operators can...
Warehouse Automation Buyers Guide: A Complete Guide to AS/RS
By Dan Labell, Westfalia Technologies
One fact exists for most manufacturers and distributors: Warehouse automation stands as one of the last...
JMA Wireless enables connectivity at World Trade Center Transportation Hub
The JMA Wireless’ Teko DAS (distributed antenna system) has been deployed to ensure wireless network coverage throughout the Vehicle Security...
Adding Wireless Instruments to Existing Networks
By Moazzam Shamsi, Emerson Process Management
Once a wireless infrastructure is in place, new instruments can be added quickly and easily by...
SKF automates factory with Egemin automated storage system
With the new system, SKF can organize the logistics of its bearings, lubricants and seal products more efficiently and economically. The completed...
FieldComm Group's End User Seminar focuses on integration and the IIoT
Technology presentations on FOUNDATION Fieldbus, FDI, HART and WirelessHART will focus on recent enhancements and their role in the digital...