APC 2006 Annual Report Download - page 13

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2006 In Brief
Schneider Electric has set up a Supervisory Board, chaired by
Henri Lachmann, and a Management Board, chaired by Jean-Pascal Tricoire,
to clearly separate the Company’s management and oversight functions.
In 2006, the three strategic priorities of Growth, Efficiency and People were
given tangible meaning through numerous initiatives and projects.
Growth
Electrical distribution: new
developments in China
Medium voltage: announcement of a 70%-30%
joint venture called SSBEA to produce vacuum circuit
breakers and launch of a 40% interest in SBVE,
a vacuum switch manufacturer.
Low voltage: announcement of a 50-50 joint
venture with Delixi Group called Delixi Electric to
market a specific range of low voltage products in
China through a dedicated network.
Installation systems and control:
stepped-up growth with five acquisitions
Clipsal Asia.
OVA Bargellini (Italy).
AEM SA (Spain).
Merten (Germany).
GET Group plc (United Kingdom).
Building automation: enhanced
presence in North America and Asia
Acquisition of Invensys Building Systems (IBS).
Automation & Control: two acquisitions
Citect, an Australian manufacturer of Supervision
Control and Data Acquisition (SCADA) solutions
and Manufacturing Execution Systems (MES).
Va Tech Elin EBG Elektronik, an Austrian company
that develops and manufactures high-power speed
drive products and solutions.
A major move in critical power
Friendly offer to purchase all outstanding shares
of American Power Conversion (APC), the global
market leader. The offer was finalized on February 14,
2007.
Award
2006 Award for Competitive Strategy Leadership
from Frost & Sullivan, a global growth consulting
company.
Efficiency
New customer-focused organization
8 Business Units.
4 Central Functions, including a new Strategy,
Customers & Technology function.
4 Operating Divisions.
Strengthened innovation resources
New Innovation Department.
Inauguration of Electropole in France,
the leading global design and development center
for power protection and control.
Launch of the HOMES project, supported by
France’s Industrial Innovation Agency (AII),
with the goal of reducing energy use in building
by 20%.
90.6% of manufacturing and
logistics sites certified ISO 14001
18 new certifications in 2006.
People
An expanded mission for
Schneider Electric University
Training on customer focus, innovation and
entrepreneurial spirit offered by new expertise
institutes.
Workplace health and safety
A health policy deployed across the entire Group.
Support for 205 associations
in 69 countries
The 2006 Luli international fund-raising drive
brought in 1.4 million for association-backed
projects in the areas of education and training.
11