HVAC Breaking News

Aug. 8, 2005: Schneider Electric Receives Growth Strategy Leadership Award

August 8, 2005
/ Print / Reprints /
ShareMore
/ Text Size+
NAPLES, Fla. - Frost & Sullivan has announced Schneider Electric as the recipient of its 2005 Growth Strategy Leadership of the Year Award for the company's development of a strong strategy to facilitate significant growth in the building automation and controls market.

Having identified areas of penetration in the building automation and controls market, in 2003, Schneider Electric made its first acquisition of TAC, a major manufacturer in the global building automation and controls arena. This acquisition gave Schneider Electric the expertise and quality associated with TAC, as well as a wide product portfolio based on open technologies, says Frost & Sullivan.

"Continuing its growth strategy, in 2004, Schneider Electric announced its acquisition of Andover Controls, an established participant in the building automation and security business," noted Frost & Sullivan research analyst Sapan Agarwal. "This move further consolidated the group's position and brand in the building security market in addition to building automation and controls."

Combining the synergies from TAC and Andover Controls, Schneider Electric has successfully created a formidable force that has changed the competitive landscape of the global building automation and controls market, says Frost & Sullivan.

While having consolidated its position in the core building automation and controls area, Schneider Electric then decided to expand into adjacent markets such as energy management.

"With the recent acquisition of Abacus Engineered Systems, a well known brand name in facility energy and engineering solutions, Schneider Electric has strengthened its market presence in the areas of performance contracting and energy management," said Agarwal. "Moreover, combining the experience and expertise of Abacus Engineered Systems and TAC Energy Solutions has placed Schneider Electric among the top five market participants in North America."

Publication date: 08/08/2005

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.

Podcasts

NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts

ACHRNEWS

NEWS 04-21-14 cover

2014 April 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

SERVICE CALLS POLL

Which statement on service calls best applies to your business?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con