Siemens Industry Inc. recently announced the acquisition 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 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,” Rich Lattanzi, vice president of Control Products and Systems, Building Technologies Division, Siemens Industry, said.
Thomas Naylor, founder, chief executive officer, and chief technology officer of Advanced Telemetry, will join Siemens Building Technologies as director of cloud computing.