TRANSACTION DETAILS | Viconics Electronics Inc. |
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| Press Release
June 15, 2011 Viconics Electronics is acquired by Schneider Electric. Schneider Electric, a global specialist in energy management, has acquired the assets and daily operations of Viconics Electronics Inc. of Québec, Canada. "Given our long history and successful partnership with Schneider Electric, we are extremely excited to join forces with a global leader in energy management," said Louis Viglione, founder of Viconics. As with Schneider Electric, our products are proven to deliver energy efficiency. In fact, they are highly complementary, and it would be difficult to imagine a better fit. I would sincerely like to thank all our customers for their support over the last 30 years." "At Schneider Electric, we're focused on providing best-in-class products and complete solutions for managing the world's energy," said Michel Ramser, vice president, Offer Management for the Buildings Business of Schneider Electric. "With the acquisition of Viconics, we've added a premier, easy-to-apply, energy-saving, retrofit product line to our portfolio. And for our new customers from Viconics as well as our existing customers, we look forward to leveraging a more complete range of energy management solutions." | |
