Siemens acquires third largest Spanish electrical installations company
16 June 2008
Siemens is acquiring BJC Spain's third-largest supplier of switches and socket-outlets in Spain. This acquisition will enable Building Technologies, a division of the Siemens industry sector, to expand its strong global position on the market for electrical installation technology. Building Technologies will also gain entry to the residential construction market and improve its access to the market for electrical installation in functional buildings in Spain. The parties have agreed not to disclose the purchase price.
Headquartered in Rubí near Barcelona, BJC is one of Spain's leading suppliers of switches and socket-outlets. With a workforce of some 380 employees, BJC manufactures and distributes as one of its main tasks switches and socket-outlets, street, garden and industrial lighting as well as plug-and-socket devices for industrial applications. BJC has a very strong presence in the local electrical wholesale trade and has a nationwide sales network. The company generated sales revenues of some 54 million euros in the 2007 fiscal year.
''BJC will broaden our base on the profitable Spanish market for electrical installation technology and opens up many possibilities for us to reinforce our position further as one of the world's leading manufacturers of electrical installation material for residential and functional buildings'', comments Godehardt Schneider, CEO of the Electrical Installation Technology Business Unit at Siemens Building Technologies. ''We look forward to being able to offer BJC's customers an even wider range of innovative products in future'', he adds.
BJC has been extensively restructured by a financial investor in recent years. Siemens will acquire 100 per cent of the company's share capital. The parties have agreed not to disclose the purchase price. BJC will be integrated in the electrical installation technology business unit of Building Technologies.
BJC, one of Spain's leading suppliers of switches, socket-outlets and electrical applications, is headquartered in Rubí near Barcelona. The company has devoted itself to the distribution of electric power in private households and functional buildings since it was established in 1926, and has grown continuously since then.
The Siemens industry sector based at Erlangen in Germany, is the worldwide leading supplier of production, transportation and building technologies. With integrated hardware and software technologies as well as comprehensive Industry-specific solutions, Siemens increases the productivity and efficiency of its customers in the fields of industry and infrastructure. The sector consists of six divisions, building technologies, industry automation, industry solutions, mobility, drive technologies and OSRAM.
In fiscal 2007, Siemens reported total sales of approximately (pro forma, unconsolidated) EUR40 billion
Siemens Building Technologies based in Zug in Switzerland is a manufacturer , service provider and systems integrator and combines solutions and concepts for energy-efficient building automation, fire protection, electronic safety and electrical installation engineering. Due to this unique combination of activities. It is an organizational unit of Siemens Schweiz AG (Zurich, Switzerland) and includes Building Technologies GmbH & Co. oHG (Erlangen, Germany), Building Technologies Inc. (Buffalo Grove, USA), their subsidiaries and holdings as well as all important Siemens activities in the field of building technologies