Siemens to acquire Site Controls (energy management)

Siemens Industry's Building Technologies Division signed an agreement to acquire Austin-based Site Controls LLC, a provider of enterprise energy management solutions, subject to U.S. antitrust review. Terms were undisclosed. A strategic/corporate deal, not a PE roll-up.

“The Building Technologies Division of Siemens Industry Inc. announced that it has signed an agreement to acquire Site Controls LLC, an Austin, Texas-based provider of enterprise-wide energy management solutions for multi-site commercial businesses. Terms of the acquisition were not disclosed and closing is subject to U.S. antitrust review and approval.”

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