Schneider Electric Finalizes Acquisition of American Power Conversion

RUIEL-MALMAISON, FRANCE AND WEST KINGSTON, RI--Schneider Electric announced the completion of the acquisition of American Power Conversion Corporation (APC) following satisfaction of the closing conditions of the merger agreement.

The combination of APC and MGE UPS SYSTEMS creates a worldwide leader in the critical power and cooling services market. The combined operations have well balanced geographical positions, strong innovation capabilities and access to market channels.

"The combination of APC and MGE will generate value for our customers through a large choice of tailored solutions, a global services network and a large technical expertise. It will also enhance value creation for our shareholders by leveraging the complementary characteristics of both companies and extracting synergies," noted Jean-Pascal Tricoire, President and CEO of Schneider Electric.

MGE UPS SYSTEMS...www.mgeups.com
Schneider Electric...www.schneider-electric.com