TITLE

COMPANY MERGER WORTH $296 MILLION

PUB. DATE
September 2006
SOURCE
Security: Solutions for Enterprise Security Leaders;Sep2006, Vol. 43 Issue 9, p24
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of Invensys Building Systems Inc. (IBS) by Schneider Electric SA, parent company of TAC Inc. This deal involves the merger of IBS with TAC, the world leader in building automation, security systems, and energy solutions. According to TAC chairman and CEO Arne Frank, the acquisition is a key part of the growth strategy of Schneider and IBS, while the merger with IBS adds unnerving player to the market.
ACCESSION #
22409176

 

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