Schneider Electric has acquired all shares of Pelco for a total consideration of USD 1,540 million, including an enterprise value on a cash-free debt-free basis of USD 1,220 million and the net present value of a tax benefit resulting from the step-up of Pelco's assets of USD 320 million.
Pelco was just recently consolidated in Schneider Electric's accounts.
24/10/2007
Schneider Electric finalizes acquisition of Pelco
Rueil-Malmaison, France
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.
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