- May 25, 2006
- Schneider Electric
This acquisition follows the acquisition of Invensys Advanced Building Systems (ABS EMEA) completed in July 2005 and will be very complementary with Schneider Electrics building automation platform. IBS generated revenues of $142 million for the fiscal year ended March 31, 2006, with operating profit of $20 million. The company is a leading provider of building automation products and services in North America with interesting positions in Asia.
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