Schneider Electric Acquires Power Measurement, Inc.

05/18/2005


Schneider Electric has acquired Canadian-based Power Measurement, Inc. Power Measurement is a leading designer, manufacturer and provider of enterprise energy management systems for energy suppliers, service providers and energy consumers, and helps these customers optimize the delivery, measurement and consumption of electricity and electrically powered equipment and systems. The transaction will significantly expand Schneider Electric's capabilities in the growing power monitoring and energy efficiency fields.

Since its founding in 1983, Power Measurement has developed a solid reputation as a pioneer in energy technology, winning numerous awards including the Frost & Sullivan Award for Product Innovation and a Red Herring Top 100 Innovator award in 2004. It has achieved a strong growth track record, with an average growth of 18% over the period 1998-2004, and a consistently high operating margin above 19%.

Dave Petratis, executive vice president of Schneider Electric North American Operating Division commented, “This is a transaction focused on growth. The addition of Power Measurement to the Schneider Electric portfolio is a perfect complement to our existing, industry-leading power monitoring business. Their focus on supply-side customers and expertise in complementary demand-side offerings allows us to significantly expand our total energy efficiency target market.”

Brad Forth, President and CEO, Power Measurement added, “Power Measurement will benefit from Schneider Electric's global reach to expand its market presence and accelerate its launch of intelligent new products. Schneider Electric will benefit from additional technology and expertise in energy management applications. Schneider's staff is extremely accomplished and we are going to make a great team.”

Power Measurement operates out of two facilities in Victoria, British Columbia, which will be maintained by Schneider Electric. The companies have received all required regulatory approvals for the transaction.





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Motor specification guidelines; Understanding multivariable control; Improving a safety instrumented system; 2017 Engineers' Choice Award Winners
Selecting the best controller from several viewpoints; System integrator advice for the IIoT; TSN and real-time Ethernet; Questions to ask when selecting a VFD; Action items for an aging PLC/DCS
Robot advances in connectivity, collaboration, and programming; Advanced process control; Industrial wireless developments; Multiplatform system integration
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me