Bosch Buys Arizona Building Technology Firm

“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.”

TechCentury.com

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.

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