Siemens said the acquisition of Califonia-based J2 Innovations will allow the firm to grow its business in this segment
German firm Siemens confirmed that it is acquiring California-based J2 Innovations, a software framework provider for building automation and the internet of things.
J2 has been operating in the IoT software business over the last ten years with its Fluid Integration (FIN) Framework technology. Both Siemens and J2 have agreed not to disclose the financial details of the transaction, which was expected to close by the end of last month.
Through the acquisition, the two parties are planning to further expand J2’s OEM business globally, with new hires in the U.S. and new offices in Europe and Asia. Siemens also confirmed that J2 Innovations will be managed as an independent legal entity and wholly-owned subsidiary of Siemens Industry.
“J2 Innovations stands for speed, agility and a state-of-the-art software framework that made the company successful,” said Uwe Frank, CEO of Siemens Building Technologies Control Products and Systems. “This move complements our growing digital portfolio and will help us to become the leading driver of digital transformation by offering even better IoT solutions to our customers.”
FIN is a next-generation software framework to operate, monitor and control equipment and automation systems for small to large buildings.
For OEMs, FIN provides a customizable software framework to speed up their time-to-market. For system integrators, FIN’s interface and engineering tools reduce labor and time required to design and commission building automation systems. For end users such as building owners and facility managers, FIN saves operating and energy costs, Siemens said.
FIN is used in over 20 countries with thousands of installations globally, including offices, buildings, education campuses, hospitals, data centers and many other building types.
Siemens Building Technologies highlighted that it is heavily investing in secure digital products and solutions to drive the digital transformation of buildings and the building industry, with 80,000 connected buildings.
Siemens has a wide range of solutions for building automation. One of the firm?s solutions in this segment is the Desigo Control Point, which is a complete building management station designed to simplify operation and monitoring of heating, ventilation, air conditioning, lighting and shading in small or medium-sized buildings.
Siemens? Gamma building control offers intelligent solutions and services to maximize energy efficiency and comfort in buildings. The products optimize the control of lighting, shading, heating and cooling in rooms and buildings. Gamma building control is based on the worldwide KNX standard which is used by more than 250 manufactures.
Siemens? Synco solution is a building automation and control system for small and medium-size buildings. It offers primary plant control, room automation (both HVAC and electrical), remote operation and management, as well as remote energy monitoring and billing.
