M&A Deal Summary

Schneider Electric Acquires TAC AB

On June 12, 2003, Schneider Electric acquired electronics company TAC AB from EQT

Acquisition Highlights
  • This is Schneider Electric’s 2nd transaction in the Electronics sector.
  • This is Schneider Electric’s 1st transaction in Sweden.

M&A Deal Summary

Date 2003-06-12
Target TAC AB
Sector Electronics
Buyer(s) Schneider Electric
Sellers(s) EQT
Deal Type Add-on Acquisition

Target

TAC AB

Malmo, Sweden
TAC develops, manufactures and markets HVAC control systems and access & security systems for commercial properties across the world.

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Buyer(S) 1

Buyer

Schneider Electric

Rueil Malmaison, France

Category Company
Founded 1836
Sector Electrical Equipment
Employees155,822
Revenue 38.2B EUR (2024)
DESCRIPTION

Schneider Electric is a provider of electricity distribution, automation management and produces installation components for energy management. Schneider Electric develops connected technologies and solutions to manage energy and process in ways that are safe, reliable, efficient and sustainable. Schneider Electric was founded in 1836 and is based in Rueil-Malmaison, France.


DEAL STATS #
Overall 3 of 42
Sector: Electronics M&A 2 of 5
Type: Add-on Acquisition M&A Deals 3 of 38
Country: Sweden M&A 1 of 1
Year: 2003 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-01 Schneider Electric Sensor Competency Center

Dayton, Ohio, United States

Schneider Electric Sensor Competency Center is a manufacturer of sensors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-22 MGE UPS Systems SA

Saint Ismier, France

GE designs, manufactures and sells Uninterruptible Power Supply (UPS) systems. It is the third largest player worldwide, with a presence in more than 100 countries. It serves global clients in sectors such as banking, airport infrastructures, hospitals and telecom operators. In spite of a severe downturn in demand from ISP/Telecom operators in 2001.

Buy -

Seller(S) 1

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 8 of 194
Sector: Electronics M&A 1 of 2
Type: Add-on Acquisition M&A Deals 5 of 76
Country: Sweden M&A 4 of 34
Year: 2003 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-01 Metall Technologie Holding

Menden, Germany

MTH is a leading provider of industrial heat treatment technology solutions, both for vacuum and atmospheric furnaces, in the Aerospace, Machine Tooling and Automotive industries, and has been developing well established industrial competences with a focus on energy efficiency and high-performance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-29 Memorex International

Oakdale, Minnesota, United States

Memorex International engaged in the sale and distribution of Memorex branded optical storage and household electronic products.

Buy $40M