TAC, a world leader in building automation,
security systems and energy solutions, recently signed a purchase agreement to
acquire six operating units of Yamas Controls Group Inc. in the US with
combined revenue of more than $40 million and a workforce of 225 employees,
reveals the companys press release.
Yamas Controls
Group is one of the nation's largest independent systems integrators and
installs building management systems (BMS) to control heating, ventilation, air
conditioning (HVAC), lighting, energy, security, and access. Its operating
companies are leaders in various market segments, including education,
healthcare, commercial, pharmaceutical, hospitality and gaming, government, and
manufacturing. It was founded in San Francisco
in 1952 and is headquartered in Sacramento (California),
privately-owned by Alestra Ltd., a London-based financial holding company.
Acquiring these
Yamas business units allows TAC to secure prominent systems integration market
share in the Carolinas and to establish a foothold in the integration business
in the fast growing western U.S. regions of Northern California and Las Vegas,
said Dean Meyer, president of TAC Americas. Yamas successfully serves many of
the same core market segments as TAC, making the two companies highly
compatible. This acquisition is aligned with the growth strategy of TAC's
parent company, Schneider Electric, which is to expand beyond power management
by offering a complete building management platform with a full suite of
integration solutions, said Arne Frank, chairman and chief executive officer
of TAC.