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May 10, 2005: Schneider Electric Acquires Power Measurement

May 10, 2005
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RUEIL-MALMAISON, France - Schneider Electric has announced the completion of its acquisition of Canadian-based Power Measurement Inc. Power Measurement is a leading designer, manufacturer, and provider of enterprise energy management systems for energy suppliers, service providers, and energy consumers to optimize the delivery, measurement, and consumption of electricity and electrically powered equipment and systems. The transaction is expected to significantly expand Schneider Electric's capabilities in the power monitoring and energy efficiency fields.

Dave Petratis, executive vice president, Schneider Electric North American Operating Division, said, "This is a transaction focused on growth. The addition of Power Measurement to the Schneider Electric portfolio is a perfect complement to our existing, industry leading power monitoring business. Their focus on supply-side customers and expertise in complementary demand-side offerings allows us to significantly expand our total energy efficiency target market."

Power Measurement operates out of two facilities in Victoria, British Columbia, which will be maintained by Schneider Electric.

For more information, visit www.schneider-electric.com.

Publication date: 05/09/2005

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