Schneider Electric completes acquisition of Invensys Building Systems; IBS merges with TAC

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.

“Schneider Electric, parent company of TAC, announced the completion of the acquisition of Invensys Building Systems (IBS), 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.”

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