APC 2015 Annual Report Download - page 28

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC26
OVERVIEW OF THE GROUP’S STRATEGY, MARKETS AND BUSINESSES
1COMPANY HISTORY AND DEVELOPMENT
•With the acquisition of Telvent in 2011, a Spanish software
company with a strong presence in North America, we became
global leader in ADMS, (A dvanced Distribution Management
Systems), supporting the monitoring and management of large
electrical distribution networks.
Developing a global leader in Industrial
AutomationandControl
•We have been a long time leader in discrete automation through
our Telemecanique brand.
•We reinforced our Industrial Automation&Control portfolio with
the acquisition of Citect in2006, RAM Industries in2008, Cimac
and SCADA group in2010 and Leader&Harvest in2011.
•In January2014, we closed the acquisition of Invensys plc. This
strategic move allows us to enter the process automation world
and reinforces our position in integrated industrial automation
and electro-intensive segments.
Building a global leader in Critical Power
•We identifi ed Critical Power as a key technology for our portfolio
and gained majority control of MGE UPS in2004.
•We became a world leader with the acquisition of American
Power Conversion (APC) in 2007, the US-based world leader
in single-phase and three-phase UPS with operations on all
continents and USD2.5billion in revenues.
•We expanded our operations in new economies with the
acquisition of UPS manufacturer Microsol Tecnologia in Brazil
in2009 and the acquisition of APW in India in2011.
•In 2011, we broadened our portfolio with cooling offers from
Unifl air, data center services from Lee Technologies and backup
power storage from Luminous.
Creating a major player in Building
Automation&Security
•As the result of several acquisitions, in particular TAC in2003,
Andover Controls in 2004 and Invensys Building Systems
in2005, we became a major player in building automation.
•We entered the video security market in2007 with the acquisition
of Pelco.
•In recent years we have further developed our operations in
mature countries, in particular through the acquisition of two
pioneering French companies in 2010: Vizelia, a provider of
software that monitors the energy consumption of buildings in
real time, and D5X, a specialist in solutions optimizing the use of
commercial buildings.
•The acquisitions of Summit Energy (2011) and M&C Energy group
(2012) increased our expertise in energy procurement services.
4.3 Recent external growth
In 2014, Schneider Electric optimized its offer portfolio through one
acquisition and two disposals.
•In June 2014, Schneider Electric announced the sale of the
Invensys Appliance division, renamed Robertshaw Controls
Company, to an affi liate of Sun European Partners, LLP. The
disposal follows a strategic review of the Appliance division that
concluded the unit is not a core business to Schneider Electric;
•In October2014, Schneider Electric announced the sale of the
entire shareholding in Custom Sensors & Technologies («CST»)
to private equity groups The Carlyle G roup and PAI Partners.
Schneider Electric has reinvested approximately USD100million
alongside Carlyle, PAI and CST management to hold a
shareholding of circa. 30% of CST. The disposal is consistent
with the Group’s practice to regularly review its strategic portfolio
and focus on energy management and effi ciency technologies,
integrating electrical distribution and automation offerings. CST
had limited synergies with other businesses .
In 2015, Schneider Electric further optimized its offer portfolio to
strengthen its focus on core businesses and drive the Group’s
performance.
•In October 2015, Schneider Electric reached an agreement to
sell Juno Lighting to Acuity Brands. Juno is a North American
supplier, specialized in recessed and track lighting fi xtures, in
both residential and commercial sectors. Schneider Electric
fi nalized the sale in December2015;
•In December 2015, Schneider Electric reached an agreement
to sell its Transportation b usiness to Kapsch Traffi cCom AG.
The Transportation b usiness targets major cities, highways and
infrastructure operators in the world. It offers a large range of
solutions and services in the areas of traffi c, tolling, tunnel and
transit, which make mobility more effi cient, safe and sustainable.