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TAC to become Schneider Electric in October 2009
Brand convergence will help customers make the most
of their energy
DALLAS – July 8, 2009 – TAC, a leading provider of building automation and security solutions, will change its name and logo and fully become Schneider Electric in October 2009. Schneider Electric, a global specialist in energy management, has been the parent company of TAC since 2003. Under a single brand, Schneider Electric offers customers a full range of energy management solutions that help customers make the most of their energy and achieve more while using less of the common planet.
TAC will be a foundational cornerstone within Schneider Electric focusing on energy management and security for buildings. The new role recognizes TAC’s expertise in the energy, security and solutions arena. This expertise complements Schneider Electric’s integrated solutions, which are designed to make energy safe, reliable, efficient, productive and green from Plant to Plug™.
TAC’s transition to Schneider Electric is part of a global companywide initiative. The migration to one company under Schneider Electric will offer customers increased access to a wider range of integrated solutions. These current solutions address 72 percent of the world’s energy consumption in energy and infrastructure, industrial processes, building systems and services, and data centers/networks, as well as in residential applications.
“This is more than just a name change; this is a new way of approaching our business and our customers’ needs at a time when financial and natural resources are increasingly scarce,” said Chris Curtis, president and CEO of TAC. “Schneider Electric’s new organization will enable the company to take multiple solutions from our comprehensive offer portfolio through one seamless customer interface to become a single-source energy management provider. Most importantly, the people our customers work with today will be the same people they will work with when TAC becomes Schneider Electric.”
TAC, the building management and energy services business of Schneider Electric, is a leading provider of solutions that deliver measurable business results to customers by enabling them to do more with less energy. With over 120 years of experience in the HVAC, energy and security arenas, TAC employs more than 8,000 people worldwide, with partners in 80 countries. For more information, visit www.tac.com .
About Schneider Electric
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in energy and infrastructure, industrial processes, building automation, and data centers/networks, as well as a broad presence in residential applications. Focused on making energy safe, reliable, and efficient, the company's 114,000 employees achieved sales of more than 18.3 billion euros in 2008 (27 billion US dollars), through an active commitment to help individuals and organizations “Make the most of their energy™”. www.schneider-electric.com
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