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Schneider Electric Acquires TAC and Becomes a Major Player in the Global Building Automation and Control Market
DALLAS -and- Ruell Malmaison (France) – Schneider Electric announced that it will acquire Sweden’s TAC, a major player in the global building automation and control market (regional headquarters for TAC Americas is located in Dallas). Control, automation and supervision of building utilities, including ventilation, heating, lighting, electricity and safety systems, represents significant growth potential for Schneider Electric for a number of reasons: it is a market worth some €11 billion, it is growing on average by more than 6% a year and it offers substantial synergy with Schneider Electric’s current positions in the buildings market.
TAC: Ideal characteristics for Schneider Electric
A major player in building automation and control, with a lineup based on open technologies that is aligned with market expectations and with Schneider Electric’s Transparent Building™ approach.
A comprehensive portfolio of controllers, sensors, display units and actuators combined with supervision and design software.
A powerful image of expertise and quality, reflected in recent flagship projects for the Kremlin, Rockefeller Center and government buildings in Stockholm.
One of the best operation performances in the industry thanks to teams whose quality is widely recognized by customers.
About Schneider Electric - Schneider Electric, the world’s Power & Control specialist with leading global brands such as Merlin Gerin, Square D and Telemecanique, offers a comprehensive range of products and services for the following markets: residential, buildings, industry and energy and infrastructure.
About TAC - TAC helps people feel and function better, as a direct result of greater environmental comfort. This is made possible by TAC’s concept of Open Systems for Building IT®, which utilizes information technology to provide clients with advantages such as indoor climate optimization, energy savings, flexibility, security, reduced expenses and user-friendly operation.
For more information visit TAC Americas www.tac.com
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