Schneider Electric launches TAC in France
Rueil-Malmaison, France - October 26, 2004 - Schneider Electric has announced the launch of its TAC subsidiary in France. Acquired in August 2003, TAC is a world leader in building automation systems (regulation, monitoring and control, security systems, intruder alarms, access control and CCTV systems) as well as in energy management solutions. The company has been merged with Andover Controls, acquired by Schneider Electric in August 2004, to create an organization of 2,700 employees that generated combined 2003 sales of approximately €500 million and offers the market's broadest range of open systems.
Becoming the French leader in building automation
Building Automation is one of the new growth platforms underpinning Schneider Electric's development strategy. With the acquisitions of TAC and Andover Controls, the Company has become a major player in this €11-billion market, which is growing at 6% a year.
In France, the Business Automation market is estimated at approximately €300 million. Schneider Electric's three-year objective is to become the French market leader, thanks to strong customer demand for solutions that deliver comfort, security and flexibility, while optimizing expenditures and reducing operating costs for office, commercial and manufacturing facilities.
To achieve this goal, Schneider Electric can leverage its many advantages, including a portfolio of comprehensive, global solutions, a differentiating business model supported by the expertise of its systems integration partners, its internationally recognized Open Systems technology and its sales leadership in France.
TAC products, software and services will be sold and supported by a dedicated unit of experts within Schneider Electric France.
About Schneider Electric
Schneider Electric is a world leader in power and control. Through its world-class brands, Merlin Gerin, Square D and Telemecanique, Schneider Electric anticipates and satisfies its customers' requirements in the residential, buildings, industry and energy and infrastructure markets. With 85,000 employees, Schneider Electric generated sales of €8.8 billion in 2003 through 13,000 sales outlets in 130 countries.