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