Schneider finalises APC acquisition

16 February 2007

Schneider Electric completed its US$6.1billion acquisition of American Power Conversion (APC) on 14 February 2007.

The combination of APC and MGE UPS SYSTEMS creates a major player in the critical power and cooling services market.

Jean-Pascal Tricoire, president and CEO of Schneider, said: “The combination of APC and MGE will generate value for our customers through a large choice of tailored solutions, a global services network and expanded technical expertise.”

Rob Johnson, former president and CEO of APC, added: “The APC team is excited to join with Schneider Electric and MGE UPS SYSTEMS.”

Claude Graff, president of MGE UPS SYSTEMS claimed APC and MGE were a powerful combination and would offer customers a large choice of solutions and services.

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