Siemens acquires Pace Global Energy Services

Acquisition will enhance portfolio with new energy consulting and management services.

By BD+C Staff

Siemens Industry, Inc. has completed the acquisition of Pace Global Energy Services, LLC in Fairfax, Va.

The acquisition of Pace Global supports Siemens strategic commitment to enhance enterprise value for its global clients by truly optimizing energy and resource efficiency. Pace Global’s deep knowledge of energy markets, its experience with C-Suite decision support and its commercial solutions—including energy and carbon management (ECM) capabilities—are a natural fit with Siemens sustainability and energy management solutions. This creates a valuable, useful and seamless solution set that supports both the executive decision process and operating efficiencies.

"Sustainability and energy efficiency are top priorities for enterprises and municipalities,” said Andreas Schierenbeck, president of the U.S. Building Technologies Division of Siemens. “With a current portfolio ranging from energy services to performance contracting, we have expanded our capabilities with the addition of energy consulting and procurement services. By combining both companies’ market-leading solutions, Siemens has formed an end-to-end energy consulting and project delivery capability that is unique in the market, and is a perfect complement to the realities of running today’s business operations." BD+C

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