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Schneider Electric Acquires ITG Solutions Inc. of Chicago
Transaction expands customer, service base in Chicago
area; Strengthens Schneider Electric’s energy management leadership position
DALLAS – MAY 12, 2010 – Schneider Electric, a global specialist in energy management, has acquired the assets of ITG Solutions Inc. (ITG) of Chicago, formerly an authorized partner that delivered building management and security solutions to end user customers. The former partner is now the Chicago Branch organization of the Buildings Business Americas of Schneider Electric.
Since 1981, ITG has been an industry leader in the Midwest, providing quality products, applications and installations with expert project management focused on meeting customer objectives. ITG employees have extensive technical expertise in building management systems, digital video and IT networks, security, and integrated systems, all delivered to a diverse customer base, from sales and installation to service and training.
“Acquiring ITG provides Schneider Electric with a new base of customers who we can help to make the most of their energy, and which will allow us to increase market share in critical targeted markets,” said Jeff Drees, president of the Buildings Business Americas of Schneider Electric. “The acquisition also enables ITG’s customers to have access to a broad array of additional products, including energy and power control devices.”
Nate Bouma, president of ITG, has joined Schneider Electric as branch manager for the new Chicago Branch. He has 25 years of experience in the building management systems and security industry and was involved with ITG from its inception, serving in a variety of roles including sales, service, solutions engineering and executive management.
“Given our long and successful partnership with Schneider Electric, I am excited to take this next step in business alignment with such a great company,” Bouma said. “With acquisitions and mergers, customers often experience a decline or pullback in service offerings. This acquisition, however, is in direct contrast to that and is about extending and improving our service and product offerings to ITG’s customers, which will allow them to take full advantage of Schneider Electric’s portfolio of solutions and leading industry expertise.”
Drees added: “Employees of ITG will now have the opportunity to be part of the fastest growing and most profitable energy management company in the world, which will open up new opportunities previously not available to them. We welcome these employees to Schneider Electric and are pleased to provide them with access to our technical, professional and managerial development courses and curriculum that are some of the best in the industry.”
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 100,000+ employees achieved sales of more than $22 billion in 2009, through an active commitment to help individuals and organizations “Make the most of their energy.” www.schneider-electric.us
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