Siemens Building Technologies Division follows JCI in negotiations with private equity for sale. The long standing Building Automation Division and Building Technology Sector face massive restructuring prior to divestment. Announcements to be released in 2027.
11 replies (most recent on top)
Look what they did to Russ electric. Completely destroyed that company after purchase.
Cash it then trash it. Thats Siemens model
Sell it all
That's a difficult sector for large companies to compete in anymore. Construction has been a feeding ground for private equity and large hedge funds since 2008. It's no surprise that Siemens would cut ties while getting ahead of the competition.
No clue but wouldn't surprise anyone these days
Private Equity is buying everyone out in the BT sector. Why would Siemens continue to distribute through direct and indirect when they can just sell equipment without overhead? Every other company in the world has already transitioned to this model. I'm sure Siemens leadership isn't that d-mb!
Bosch purchase???
YUP
Bosch bought JCI Building Automation Division. Wonder if they are involved with the partnership!
EBB Financial conglomerate w Mellon. It's already been released
Heard this yesterday. Was only a matter of time. The building automation business is beyond oversaturated in the US. Siemens isn't even a player anymore.