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Cylon Energy Inc. announced it will purchase American Auto-Matrix, a manufacturer of building automation systems and critical environments controls. Terms of the acquisition were not disclosed. Cylon officials say the purchase will help the company continue its expansion in the American building automation controls market.
On July 1, 2013, Cylon Energy Inc., a subsidiary of Cylon Controls Ltd., acquired the management of the Building Automation Systems Dealer Business of Teletrol Systems Inc., from Royal Philips Electronics.
Cylon Energy Inc. now owns a majority shareholding in American Auto-Matrix, an acquisition that expands Cylon’s global system integration network to 240 with 90 of these in the U.S.
“Cylon recognizes the importance energy control will play on the global stage in the decades to come. With Teletrol we are able to bring a much-needed upgrade path to thousands of installations by offering Cylon open protocol products and energy management services to the Teletrol legacy install base,” said Sean Giblin, president of Cylon Energy Inc. “With American Auto-Matrix, we have found a company that naturally dovetails to create a synergy of open technologies and knowhow from both entities. With products like AspectFT® and Cylon’s SaaS, Active Energy Management platform, Voya™ Xplor, open BACnet® controllers we will be able to offer both advanced, open, web-enabled, enterprise solutions combined with cloud-based energy management software to our customer base.”