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Schneider Buy

by msecadm4921

Schneider Electric – owner of the former Andover Controls – isacquiring Invensys Advanced Building Systems operations in Europe and Middle East (ABS EMEA).

ABS EMEA, owned by Invensys plc, is a provider of building automation solutions and services (regulation, monitoring and control of all technical equipment in buildings) in the UK under the Satchwell brand name and has a presence accross the rest of Europe and in the Middle East.

What they say

Henri Lachmann, Chairman and CEO of Schneider Electric, said: “This acquisition fits very well with our strategy to continue to develop high growth potential platforms. Invensys Advanced Building Systems in Europe and Middle-East will bring us an expanded installed base and additional offering capabilities, notably in peripherals. The complementary fit between Tour Andover Controls and ABS EMEA is strong in terms of solutions and geographic coverage.”

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