The History of Siemens Building Technologies - Cleveland 19 News Cleveland, OH

The History of Siemens Building Technologies

Cleveland, OH - Siemens Building Technologies is an Operating Group of Siemens AG and was founded on October 1, 1998, through the acquisition of the industrial activities of Electrowatt Ltd. (Zurich, Switzerland), thus integrating and combining several decades of experience in building automation and fire safety.

Electrowatt's history dates back to its foundation in 1895 with a focus on power generation and distribution and respective engineering services. Its industrial arm was built in the second half of the 20th century by the acquisition of Cerberus Ltd. (Männdedorf, Switzerland), a world leader in fire safety founded in 1940, and of Staefa Control System Ltd. (Stäfa, Switzerland), a leading European player in building automation, founded in 1962. In 1996, Electrowatt acquired Landis & Gyr Ltd. (Zug, Switzerland), founded in 1896, and merged this company's building automation activities with Staefa Control System under the new name of Landis & Staefa.

Today, Siemens Building Technologies with its four divisions Building Automation, HVAC Products, Fire Safety & Security Products and Security Systems combines offerings for building security, life safety and building automation within one company as a service and system provider and as a manufacturer of respective products. By virtue of the unique combination of these business sectors, the company occupies a leading position worldwide.

The Siemens Group is part of Siemens Switzerland Ltd, Zurich (Switzerland) and consists further of Siemens Building Technologies GmbH & Co. oHG, Erlangen (Germany), Siemens Building Technologies Inc., Buffalo Grove, IL (USA), their subsidiaries and affiliates and all significant Siemens activities in the field of building technologies.

The company totaled sales of 4.796 billion euros in the 2005/2006 fiscal year (October 1, 2005 - September 30, 2006) and currently employs a workforce of 28.622 in 51 countries.

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