Schneider Electric Acquires Pelco

Published on Security Management (http://www.securitymanagement.com)

By Matthew Harwood

Created 10/17/2007 - 15:36

Wrap-Up?:

Weight:

Lead Headline?:

Date:

10/17/2007

By Line:

By Matthew Harwood

Teaser:

The world's power and control specialist has acquired one of the world's leaders in video surveillance systems.

It's official: Schneider Electric [1]finalized yesterday its acquistion of Pelco [2], one of the world's leaders in video surveillance systems.

The press release [3] announcing the acquisition says the purchase of Pelco will reinforce the offering of Schneider's "Building Automation business, which encompasses power and HVAC control, electronic security and fire safety, and increases its ability to provide integrated solutions."

Schneider bought Pelco for $1.5 billion. Pelco was consolidated into Schneider's accounts as of yesterday.

Comments

Security Management is the award-winning publication of ASIS International, the preeminent international
organization for security professionals, with more than 38,000 members worldwide.

ASIS International, Inc. Worldwide Headquarters, 1625 Prince Street, Alexandria, Virginia 22314-2818 U.S.A.
703.519.6200 | fax 703.519.6299 | www.asisonline.org

© 2013 Security Management
This site is protected by copyright and trade mark laws under U.S. and International law.
No part of this work may be reproduced without the written permission of Security Management.

Source URL: http://www.securitymanagement.com/news/schneider-electric-acquires-pelco

Links:
[1] http://www.schneider-electric.com/sites/corporate/en/home.page
[2] http://www.pelco.com/
[3] http://www.schneider-electric.com/corporate/en/press/press-releases/viewer-press-releases.page?c_filepath=/templatedata/Content/Press_Release/data/en/shared/2007/11/20071017_closing_pelco.xml