Schneider Electric to acquire Invensys Building Systems (N. America, Asia)

Schneider Electric announced it will acquire Invensys Building Systems' North America and Asia operations, a building automation provider, complementing its building automation platform; the deal follows its 2005 acquisition of Invensys Advanced Building Systems and 2003 acquisition of TAC.

“Schneider Electric has announced that it will acquire Invensys Building Systems (IBS) operations in North America and Asia, subject to regulatory approvals.”

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