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APC deal reflects demand for data protection: France's Schneider Electric agrees to pay $6.1 billion for emerging U.S. rival
- Source :
- Wall Street Journal. Europe. Oct 31, 2006, C6
- Publication Year :
- 2006
-
Abstract
- French company Schneider Electric S.A. is acquiring American Power Conversion Corp. for $6.1 billion. Both companies manufacture equipment that helps corporations withstand power outages. There is a growing demand from corporations for power outage protection, to protect computerized data.
- Subjects :
- American Power Conversion Corp. -- Mergers, acquisitions and divestments
Schneider Electric S.A. -- Mergers, acquisitions and divestments
Electrical equipment and supplies industry -- Mergers, acquisitions and divestments
Electronic components industry -- Mergers, acquisitions and divestments
Company acquisition/merger
Banking, finance and accounting industries
Business
Business, international
Subjects
Details
- Language :
- English
- ISSN :
- 09219986
- Database :
- Gale General OneFile
- Journal :
- Wall Street Journal. Europe
- Publication Type :
- News
- Accession number :
- edsgcl.153551462