M&A Deal Summary

Schneider Electric Acquires Tour Andover Controls

On May 19, 2004, Schneider Electric acquired technology hardware company Tour Andover Controls

Acquisition Highlights
  • This is Schneider Electric’s 1st transaction in the Technology Hardware sector.
  • This is Schneider Electric’s 4th transaction in the United States.
  • This is Schneider Electric’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2004-05-19
Target Tour Andover Controls
Sector Technology Hardware
Buyer(s) Schneider Electric
Deal Type Add-on Acquisition

Target

Tour Andover Controls

North Andover, Massachusetts, United States
Tour Andover Controls Corp. designs, manufactures, and markets advanced microcomputer-based control systems for HVAC, lighting, access control, integrated security management, and process control applications.

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Buyer(S) 1

Buyer

Schneider Electric

Rueil Malmaison, France
Category Company
Founded 1836
Sector Electrical Equipment
Employees164,640
Revenue 35.9B EUR (2023)
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 6 of 41
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 5 of 37
State (Massachusetts) 1 of 3
Country (United States) 4 of 21
Year (2004) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-01 Kavlico

Moorpark, California, United States

Kavlico Corp. develops and manufactures specialty sensors and transducers for the transportation building equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 Schneider Electric Relays

Northfield, Illinois, United States

Schneider Electric Relays LLC is a manufacturer of relays, sockets, and accessories.

Buy -
Mergr

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