Electric acquisition

Schneider Electric has completed the acquisition of Andover Controls, a Balfour Beatty company. Andover Controls offers building automation and security. Schneider Electric views building automation as one of their growth platforms. The acquisition complements its position in this market with the previous acquisition of TAC in June 2003.

ARC senior analyst Dave Clayton says, "The acquisition of Andover Controls is a continuation of Schneider Electric's goal to strengthen its presence in the global BAS and building securities markets through acquisition. With the acquisition of Andover Controls, Schneider Electric significantly strengthens its position in the global building securities business as well as the company's position in the overall BAS market in North America. Security and access control is a key application for Andover Controls, which was strengthened by the company's acquisition of Integral Technologies in 2000."