TAC becomes Schneider Electric
Building automation and security company TAC will take on Schneider Electric's name in October.
Schneider has been TAC's parent company since 2003, but the move places Schneider's name and logo on TAC. As a singular brand, Schneider Electric hopes to provide customers with solutions to energy-management problems, allowing users to be more energy-efficient. TAC will contribute expertise on the management of energy and security within buildings.
According to a company press release , the merger will allow Schneider to create a more global presence in the energy-efficiency community. Currently, solutions created by Schneider have addressed more than 70% of the world's energy consumption in infrastructure, industrial processes, building systems and services, and data centers/networks.
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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