Schneider Electric Completes Pelco Acquisition

  • Oct 19, 2007
 Schneider Electric recently completed the acquisition of Pelco.

With the acquisition of Pelco, Schneider Electric significantly reinforces the offering of its building automation business, which encompasses power and HVAC control, electronic security and fire safety, and increases its ability to provide integrated solutions.

Schneider Electric has acquired all shares of Pelco for a total consideration of $1.540 billion, including an enterprise value on a cash-free debt-free basis of $1.220 billion and the net present value of a tax benefit resulting from the step-up of Pelco’s assets of $320 million.

Pelco will be consolidated in Schneider Electric’s accounts as of October 16.

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