Schneider Electric further consolidates its global position in building automation

施耐德电气进一步巩固其全球楼宇自动化市场地位

   Rueil Malmaison, France-May 24,2006—Pursuing its strategy of selective targeted acquisitions, Schneider Electric announced today it will acquire Invensys Building System operations(IBS) in North America and Asia, subject to regulatory approvals. 

   法国于埃尔 玛勒麦松5月24日消息——追求其选择性收购目标策略的施耐德电气今天宣布将在待必要的批准之后收购英维斯楼宇系统（IBS）公司在北美和亚洲的业务。

   This acquisition follows the acquisition of Invensys Advanced Building Systems (ABS EMEA) completed in July 2005 and will be very complementary with Schneider Electric’s 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. IBS has over 100 years of experience in the industry and benefits from excellent reputation and renowned brands such as Barber-Colman and Com-Trol.

   本次收购是紧随着施耐德电气在2005年7月完成的对英维斯高端楼宇系统（ABS EMEA）公司的收购，并将极大补充施耐德电气的楼宇自动化平台。到2006年3月31日止，IBS的财年收入为1亿4千2百万美元，利润达2千万美元。该公司在北美是领先的楼宇自动化产品和服务供应商，在亚洲也有着重要的地位。IBS在业界内有着100多年的历史，并享有极高的声誉，拥有例如Barber-Colman 和 Com-Trol 等著名品牌。

   The market of Building Automation and Control systems represents significant growth potential for Schneider Electric. The acquisition of TAC in June 2003 enabled Schneider Electric to become a major player in this market. The subsequent merger between TAC and Andover Controls, acquired in July 2004, and the acquisition of ABS EMEA in July 2005, further re-enforced Schneider Electric’s position, both in Europe and in the US. The IBS acquisition will bring significant revenue and cost synergies, forefront distribution channels and an experienced management team. IBS will significantly enlarge TAC’s installed base, expand its distribution capability in North America and Asia and bring the Schneider Electric Building Automation platform to a new scale.

   楼宇自动化和控制系统市场对施耐德电气的发展潜力有着重要意义。在2003年6月对TAC公司的收购使得施耐德电气成为这一市场的主要参与者。此后TAC与于2004年7月收购的Andover Controls公司的合并，以及2005年7月对ABS EMEA的收购，进一步加强了施耐德电气在欧洲和美国的市场地位。对IBS的收购将带来的收入及成本协合、销售渠道和优秀的管理团队。IBS将极大扩充TAC的安装基地，提升其在北美和亚洲的销售能力，使施耐德电气的楼宇自动化平台达到一个新的高度。

   IBS’ acquisition fits perfectly with Schneider Electric’s growth strategy developed over the last 3 years. Jean-Pascal Tricoire, CEO of Schneider Electric, commented: “ IBS North America and Asia fits logically and naturally in our building automation platform. TAC and IBS teams will be joining forces to grow their business on a global scale and to bring increased benefits to their customers.”

   对IBS的收购非常符合施耐德电气在过去3年制定的发展策略。施耐德电气首席执行官Jean-Pascal Tricoire评论道：“IBS北美和亚洲逻辑而自然地符合我们的楼宇自动化平台。TAC和IBS团队将合力提升其全球业务，并为他们的顾客带来越来越多的好处。”

   Subject to regulatory approvals, Schneider Electric will pay $296 million in cash to acquire 100% of the IBS business on a cash-free debt-free basis and to obtain the benefit of a 338 (h) (10) US tax election which has a total net present value of around $60 million. Schneider Electric expects that this acquisition will meet its Return on Capital Employed criteria within 3 years from completion.

   等待批准之后，施耐德电气将支付2亿9千6百万美元现金收购IBS的全部业务，IBS免支付现金，施耐德电气免承担IBS的债务，并可得到338 (h) (10)的美国税费优惠，当前优惠净额价值达6千万美元。施耐德电气期望在本次收购完成的三年内达到其“资本使用回报”标准。

About Invensys

Invensys is a global automation, controls and process solutions Group operating in more than 60 countries worldwide.

英维斯集团是一个全球自动化、控制和过程解决方案供应商，业务遍及全球60余个国家。

About Schneider Electric

关于施耐德电气

Schneider Electric is the world’s power and control specialist. Through its world-class brands, Merlin Gerin, Square D and Telemecanique, Schneider Electric anticipates and satisfies its customers’ requirements in the residential, building, industry, energy and infrastructure markets. With 92,000 employees and operations in 130 countries, Schneider Electric generated sales of €11.7 billion in 2005 through 13,000 distributor outlets.

施耐德电气公司是全球电力与控制的领导者。通过旗下三大国际著名品牌，Merlin Gerin（梅兰日兰）、Square D（美商实快电力）和Telemecanique（TE电器），施耐德电气公司为能源与基础设施、工业、建筑及民用住宅等市场提供着系列齐全的优质产品及服务。施耐德电气2005年全球销售额为117亿欧元，在全世界130个国家拥有92, 000名员工以及13，000多个销售点。

About TAC

关于TAC公司

TAC is a leading provider of building automation solutions based on Open Integrated Systems for Building IT. TAC''s mission is to provide added value through building environment services for indoor climate, security and use of energy, delivered with advanced technology to end users and property owners throughout the world. With over 80 years of experience in the HVAC, building automation and security areas, TAC has over 3,700 employees worldwide with partners and branches in 75 countries.

TAC公司是领先的基于开放式集成IT方案的楼宇自动化解决方案供应商。TAC公司的使命是为全球的最终用户和产品所有者，通过改善室内环境、安全和能源利用以及提供高端技术等建筑环境服务，提供高附加值的建筑物。在HVAC、楼宇自动化和安全领域等有着超过80年历史的TAC公司，有超过3,700多名员工，在全球75个国家有合作伙伴和分公司。