Schneider Electric extends European strength with Napac acquisition
Schneider Electric announced recently that its Sorhodel Bardin SAS subsidiary has acquired Napac SA, an Air Liquide subsidiary and provider of intelligent remote management solutions for the infrastructure market.
Napac designs, builds, and markets a portfolio of software and equipment to deliver end-to-end remote management solutions, comprising dedicated PLCs, SCADA software, web interfaces and other features. Applications for Napac products include gas and fluids storage, water networks, refrigerated warehouses, control room management, power generation and HVAC engineering. It reported nearly $7.6 million in revenue in 2005.
The acquisition enables Schneider Electric to extend the range of products and solutions offered by Sorhodel Bardin, which specializes in remote management and control solutions for the energy and infrastructure markets. In addition, a multi-year contract with Air Liquide, signed in conjunction with the acquisition, strengthens the partnership between the two companies.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey