Schneider Electric acquires APC

The announcement in November that Schneider Electric has agreed to purchase American Power Conversion for about $6.1 billion was seen as a complimentary purchase between a company that wants to expand its electrical distribution business and a company whose strength is in that market segment. “This acquisition allows us to greatly strengthen Schneider Electric in the fastest growing segme...
By Staff December 1, 2006

The announcement in November that Schneider Electric has agreed to purchase American Power Conversion for about $6.1 billion was seen as a complimentary purchase between a company that wants to expand its electrical distribution business and a company whose strength is in that market segment.

“This acquisition allows us to greatly strengthen Schneider Electric in the fastest growing segment of our core business: electrical distribution,” said Jean-Pascal Tricoire, CEO of Schneider Electric. “We expect this transaction to generate significant value by leveraging the unique complementary strengths of the two companies.”

By acquiring a global leader in the critical power market, and combining it with its subsidiary, MGE UPS Systems, Schneider Electric will become a worldwide company in the sector.

“Both companies have a dedication to innovation and customer service that would make our combined enterprise an even stronger, more competitive player in the industry,” added APC president and CEO Rob Johnson.