Majority stake Announced Jun 2006 · Closed Aug 2006
Schneider Electric completes acquisition of Invensys Building Systems; IBS merges with TAC
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Deal value$296M reported cash consideration
Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
Schneider Electric, parent of TAC, completed its acquisition of Invensys Building Systems (a division of Invensys Controls), which will merge with TAC. Combined company revenues were forecast at approximately $1.3 billion in 2006.