May 24, 2004—Schneider Electric has acquired US-based Andover Controls Corporation, a Balfour Beatty company. Andover Controls is a highly successful player in Building Automation and Security, with sales of $169 million in 2003.
Building Automation (regulating, monitoring and controlling a buildings utilities) is one of the new growth platforms identified by Schneider Electric as part of its strategy to develop in strategically related activities with high growth potential.
The June 2003 acquisition of TAC enabled Schneider Electric to become a major player in Building Automation. Andover Controls will considerably strengthen its positions, notably in the US market and in the field of integrated systems.
Electronic Security (intruder alarms, access control and CCTV systems) is a key Building Automation application, and today being able to provide both open Building Automation and Security systems represents a real competitive advantage. With Andover Controls, Schneider Electric will expand its Security capabilities and benefit from a platform well suited for expansion in electronic Security, which is a 20 billion market growing by 7% a year.
Andover Controls scalable, networked, integrated Building Automation and Security products and solutions, comprehensive customer training and value adding after sale support have led to its 28 years of successful growth and profitability. The company has 690 employees worldwide.
For more information, contact Balfour Beatty.
