A major step in becoming a leader in building automation while expanding in security building automation (regulating, monitoring, and controlling a building's utilities) is one of the new growth platforms identified by Schneider Electric as part of its strategy to develop in strategically-related activities with high growth potential.
The June 2003 acquisition of TAC enabled Schneider Electric to become a major player in building automation. Andover Controls will considerably strengthen its positions, notably in the U.S. market and in the field of integrated systems. Both companies are expected to strongly benefit from their complementary market positions.