Cylon Completes Transformational US Deal with Philips
Irish company Cylon Controls Ltd (“Cylon”), an international leader in the development of building energy management systems and services, today announced it has acquired the US Building Automation System (BAS) dealer business of Philips Teletrol Systems Inc (“Teletrol”) from Royal Philips Electronics in a deal that transforms Cylon’s footprint, distribution network and capabilities in the US and has the potential to add $10 million to the firm’s annual sales.
Under the deal Cylon’s North American Subsidiary Cylon Energy has acquired the customer base of 50 US dealers with a controller install base of $80million across $5bn worth of building construction projects. The deal follows a successful partnership which Cylon entered with Teletrol in 2012, allowing the Irish company to take over the management of the Building Automation System Dealer Business of Philips Teletrol and supporting its BAS dealer network to supply and install Philips Teletrol and Cylon Building Automation systems and technologies.
Sean Giblin, Founder and Managing Director of Cylon Controls Ltd, said: “This is a significant milestone in our strategy to expand Cylon’s presence in North America, which will considerably grow our US business and expand the availability of CYLON leading building energy efficiency technology to US Building owners. We’ve had an excellent relationship with Philips Teletrol for a number of years and are delighted to reach this agreement with them which we anticipate will deliver approximately $10 million in new sales to Cylon in the US.”
Cylon has in recent years embarked on a significant global extension programme, which has seen it invest over €11 million in the business and positions the company to more than triple its sales to €30 million by 2016.
Established in 1985 Cylon is an Irish company with headquarters in Clonshaugh County Dublin. The company has had a presence in the US building control systems market for over 15 years and also has offices in the UK, Europe and China, in addition to a network of representatives across Europe, the US, the Middle East, Australasia and Scandinavia.
In 2012 the company officially launched a new energy management division, “Cylon Active Energy”, which has since achieved a significant number of new business wins in Ireland and internationally. Cylon Active Energy builds on Cylon’s expertise in designing and building energy management controls and applies a unique cloud based real-time energy management technology to centrally monitor, analyseand control the energy consumption of buildings across the world remotely from the company’s Dublin based Energy Bureau in Clonshaugh.