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Siemens and EMCOR Form Alliance for Building Performance Solutions and Services
BUFFALO GROVE, Ill. & NORWALK, Conn.--(BUSINESS WIRE)--Oct. 2, 2003--Siemens Building Technologies, Inc., and EMCOR Facilities Services, Inc., a wholly owned subsidiary of EMCOR Group, Inc. (NYSE: EME), have entered into a mutually beneficial alliance that will benefit customers of both companies by providing the industry's most comprehensive offering of building performance technologies, solutions and services.
As part of the alliance arrangement, the parties have entered into an agreement for EMCOR to purchase Siemens' Facilities Management Services ("FMS") business in the United States. The Siemens FMS business provides facilities services to single buildings and corporate campuses throughout the United States. Financial details of the transaction were not disclosed.
EMCOR Facilities Services is a premiere supplier of mobile and on-site building operations and maintenance services and facilities management services. EMCOR Facilities Services currently provides services to customers in over 850 million square feet of space worldwide.
Siemens Building Technologies provides building infrastructure solutions for comfort, life safety, security systems and energy efficiency, optimizing both building performance and operating cost. The company manufactures and markets building controls, and fire protection and security systems for civic, commercial and industrial properties, specializing in education, healthcare, government, and high-tech manufacturing facilities, as well as campus-style corporate complexes.
Siemens and EMCOR expect the alliance to open up revenue growth for both companies by capitalizing on each other's market presence. Siemens will be introduced to EMCOR's customer base, and vice versa.
Headquartered in Buffalo Grove, Ill., Siemens Building Technologies, Inc. is one of 14 Siemens operating companies in the United States and is a leading single-source provider of cost-effective facility performance solutions for the comfort, life safety, and security of some of the most technically advanced buildings in the world. In North America, SBT employs 8,500 people and provides local service from more than 100 locations coast-to-coast.
EMCOR Group, Inc. is a Fortune 500(R) leader in the design, installation, operations and maintenance of mechanical and electrical systems, facilities and mission critical services for a diverse range of businesses globally. With annual revenues of over $4 billion, the Company has approximately 26,000 employees at over 70 operations in more than 140 locations across the United States, Canada, the United Kingdom and selected global operations.
For more information on Siemens Building Technologies, please visit: www.sbt.siemens.com
Additional information on EMCOR Group and its Facilities Services business can be found at: www.emcorgroup.com.
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