Schneider Electric purchases Lee Technologies
Headquartered in Fairfax, VA, Lee Technologies has over 300 employees and generated sales of about USD 140 million (approx. €104 million) in 2010. The company specializes in the mission-critical data center services, including remote monitoring command centers and on-site critical facility operations. It caters to several customer segments including federal government, financial services, telecommunications, information technology and healthcare.
Lee Technologies brings to Schneider Electric capabilities ranging from consulting, site assessment, design, equipment specification and selection to integration, commissioning, facility operations staffing, maintenance and proactive 24x7 remote monitoring. This full repertory of services is expected to reinforce Schneider Electric’s IT business skills in data center management and its ability to provide data centres with what it terms the best standards in energy conservation and reliability.
This acquisition is expected to be accretive on earnings per share from the first year and to meet Schneider Electric’s Return on Capital Employed criteria.