FARMINGTON HILLS — Farmington Hills-based Robert Bosch North America Corp. has acquired Climatec LLC, a Phoenix, Ariz.-based provider of energy efficiency, building automation, security and safety products and services.
Climatec generated sales of $170 million in 2013, and according to preliminary figures hit $190 million in sales in 2014. The company employs 670 people at 12 offices in Arizona, California, Nevada and Texas.
Climatec has been owned by Pegasus Capital Advisors, L.P. since April 2012. Terms of the transaction were not disclosed.
“With the addition of Climatec, we are expanding our global presence especially in the growing North American market, strengthening our portfolio and becoming a comprehensive supplier of solutions in the area of energy, building automation and security services,” said Dr. Stefan Hartung, member of the Bosch board of management responsible for the Energy and Building Technology business sector. “The entrepreneurial spirit, industry expertise, customer focus and shared cultural values that have made Climatec successful are an excellent match for Bosch. Our heating, energy service, security systems, software, sensors and storage technology expertise, combined with the Climatec portfolio, positions Bosch to achieve Energy and Building Technology business sector sales of $10 billion, or eight billion euros, in 2020.”
Added Climatec LLC president Terry Keenen: “Over its 40-year history, Climatec has established itself as a trusted provider of building comfort, safety and efficiency solutions across nearly all building segments. I was immediately impressed by Bosch’s determination to create an environment that would preserve our business model and customer focus. I am confident that this acquisition will strengthen our position for sustained growth, benefitting our customers and employees.”
The market for integrated energy services, building automation systems and system integration is growing significantly in the U.S. and around the world. As global energy needs have doubled over the last four decades, customer demand for energy efficiency has increased. And recent years have seen greater demand for comfort, connectivity and security. Rising energy costs, increasingly complex energy systems and a changing regulatory environment foster major growth opportunities in the residential and commercial building sector as well as the services segment.
The Bosch Energy and Building Technology business sector combines video surveillance systems, intrusion and fire detection, access control, alarms, evacuation and public address systems, professional audio and conference systems, as well as water heating and comfort heating systems. Bosch also offers software and sensor technology for internet of things connectivity. The company also offers services for energy management, remote monitoring, and the handling of business processes.
Climatec is an independent single-source integrator of critical building systems including energy services, building automation and security system integration in the U.S. market. The company provides consulting, planning, implementation and around-the-clock remote management of comprehensive comfort, security, safety and efficiency solutions. Climatec is active in education, healthcare, the public sector, industrial/manufacturing, computing services, office buildings, federal, state and local government, hospitality and energy.
Combining these strengths, Bosch can now offer customers a complete portfolio of networked and efficient energy, building automation and security products and services.
Climatec will operate as a largely independent entity, maintaining its offices in Arizona, California, Nevada and Texas. Operations will continue to be run by the same management team. Climatec will continue to represent and integrate numerous leading manufactures’ product lines across its wide range of services, including Bosch products. As before, the Bosch Security Systems division, Fairport, NY, will continue to sell their security and safety products in the North American market through leading distributors and system integrators.
For more information, visit www.boschusa.com.