Midi has agreed to buy out Siemens’ shareholding in Solutions and Infrastructure Services Ltd.
Midi already owned half the company, while Siemens held all but one share to be held by a subsidiary of the company.
SIS was born as a joint venture between Midi Malta and Siemens Italia some years ago. The objective was primarily the provision of building technology solutions and services for Tigné Point and Manoel Island.
SIS is involved in two main sectors; one is building technologies, which provides services and solutions for building automation, fire detection, video surveillance, car park operations and mechanical and electrical installations, including a state-of-the-art heating and cooling energy production plant. The second is ICT services, which mainly include fixed telephony and data communication, broadband connectivity and co-location services.