Nov. 24, 2004: TAC, Andover Controls Merge To Form Tour Andover Controls
BOSTON - TAC and Andover Controls have combined to form Tour Andover Controls. The companies were merged by Schneider Electric, which purchased TAC in June 2003 and acquired Andover Controls in August 2004.
Tour Andover Controls, with projected revenue of nearly $700 million in 2004, employs more than 2,700 people worldwide, with offices, partners, and affiliates in 70 countries. Arne Frank has been named chief executive officer of the new company. Frank has served as CEO of TAC, based in Malmo, Sweden, since 1999.