Summit Acquires Siemat Energy

Summit Energy Services, Inc., a leading privately held energy management firm, today announced it has acquired Siemat Energy, based in Liége, Belgium. Siemat Energy, founded in 2001, serves approximately 130 commercial and industrial clients with sites across Europe.

Summit is one of the premier energy management companies in the world, managing more than $14 Billion in energy spend through its global staff of 280 energy professionals. With this key acquisition, Summit enhances its European portfolio, adding more than 500 Million € annual energy spend under management. Summit now has four North American offices and five offices in Europe.

“We continue expanding in order to meet the needs of our global clients as well as to continue driving regional depth of resources in our operations. Siemat is a leader in Belgium and has pan-European experience, which makes them a perfect fit with Summit,” noted Steve Wilhite, President and CEO of Summit. “The acquisition will strengthen the services we provide in Europe and will allow us to further enhance the comprehensive energy management services our clients have grown to expect from us.”

Stephane Querinjean, General Manager of Siemat Energy, said, “We are excited to become a part of the Summit Energy organization. It will provide many growth opportunities for Siemat’s business and our customers will enjoy the benefits of having international expertise at their fingertips."

About Summit Energy
Summit Energy began in 1991 as an unbiased, independent energy management company and is today one of the most recognized energy management firms in North America. Summit harvests value for clients through services such as strategic energy procurement, price risk management and energy sustainability reporting. Summit represents more than 12,000 commercial and industrial facilities worldwide.

About Siemat Energy
Siemat Energy was founded in 2001 as an independent company headquartered in Liége, Belgium. Siemat specializes in energy procurement and manages approximately 500 Million € annual energy spend, with sites primarily located in western Europe. They will continue to operate under the Siemat Energy name, being identified as a Summit Energy company. www.siematenergy.com