Schneider Electric Buys Invensys Building Systems

Schneider Electric, Boston, MA, parent company of TAC, today announced the completion of the acquisition of Invensys Building Systems (IBS), Loves Park, IL, a division of Invensys Controls, with operations in North America and Asia. IBS will merge with TAC, a world leader in building automation, security systems and energy solutions. This follows the merger with Invensys ABS EMEA in 2005.
The combination of Carrollton, TX-based TAC and IBS will have a positive impact on their customers, who will benefit from:
- evolving product lines with integrated, IP-based open platforms
- complete building solutions that include HVAC, security, field devices, fire
and safety, lighting control, machine automation and power monitoring
- sales and service offices in 500 locations in 80 countries
- lifecycle building services including both traditional and extended services.
The acquisition of IBS expands TAC into markets such as refrigeration, original equipment manufacturing, and wholesale. TAC will also offer additional branded and manufactured lines of controllers, peripherals and field devices, and security products providing a competitive, complete solution portfolio for its customer