施耐德收购Pelco，进一步扩大其楼宇自动化供应能力

Schneider Electric Acquires Pelco, Further Expanding its Building Automation Offering
 
施耐德电气收购Pelco，进一步扩大其楼宇自动化供应能力

Rueil-Malmaison, France, August 1, 2007 -- Schneider Electric announced the acquisition of California-based Pelco Inc., a privately held company.  Pelco is a worldwide leader in the design, development and manufacturing of video security systems. 

于埃尔 玛勒麦松8月1日消息——施耐德电气宣布收购Pelco公司，一家位于加利福尼亚的私人控股公司。Pelco公司是设计、开发和制造视频安全系统的全球领导厂商。

Pelco will further strengthen Schneider Electric’s Building Automation offering.  Commercial, industrial and residential buildings represent more than 50 percent of Schneider Electric business.  Building Automation, which encompasses power and HVAC control, electronic security and fire safety, is one of Schneider Electric’s new businesses.  The acquisitions of TAC, Andover Controls and Invensys Building Systems have enabled the Group to become a major player in that business.

Pelco将进一步加强施耐德电气的楼宇自动化供应能力。商业、工业和住宅建筑占据了施耐德电气50%以上的业务。楼宇自动化，包括了电力和HVDC控制、电子安全和防火安全，是施耐德电气的新兴业务之一。对TAC、Andover控制以及英维思楼宇系统等公司的收购已经使得施耐德集团成为了该业务的一个主要厂商。

Through the acquisition of Pelco, Schneider Electric rebalances its Building Automation solutions portfolio by reinforcing its already existing security platform (sales of €155 million in 2006) and strengthens its ability to offer fully integrated systems.  The video security industry is the most attractive segment of the security industry.  It is shifting from pure analog communication protocols to more high value-added IP protocol and software based solutions.  It complements/replaces other security systems such as intruder detection, fire alarm or access control.

通过收购Pelco，加强其现有的安全平台（2006年销售额为1亿5千5百万欧元）和提供全集成系统的能力，施耐德电气重新平衡了其楼宇自动化解决方案业务。视频安全工业是安全工业最吸引人的领域，它正在从纯粹的模拟通信协议向基于更高增值的IP协议和软件的解决方案改变。它补充或者取代了例如入侵探测、火警或者访问控制等其他安全系统。

Pelco will report into Schneider Electric’s Building Automation business unit, and will take the leadership of its present Fire & Security Product Division.  Significant synergies will occur from the leveraging of Schneider Electric’s Building Automation businesses, including their respective distribution networks and the possibility to offer complete solutions.  The transaction is expected to generate revenue and cost synergies estimated at $67 million on EBITDA in 2011.

据报道，Pelco将归入施耐德电气的楼宇自动化业务部，并将领导其现有的防火和安全产品部。他们的重大合作范围将从利用施耐德电气的楼宇自动化业务，包括他们各自的分销网络和可能性到提供完整的解决方案。该交易预计在2011年将产生在利息、税、折旧、摊销之前的盈利收入和成本合作估计有6千7百万美元。

David Mc Donald, President and Chief Executive Officer of Pelco, commented: “Schneider Electric is an ideal partner for Pelco. Both companies share the same commitment to people, innovation and customer service that will make our combined enterprise an even stronger, more competitive player in the industry. We look forward to the unique benefits this partnership will bring to our customers and employees.”

Pelco公司总裁兼首席执行官David Mc Donald评论道：“施耐德电气是Pelco的一个理想合作伙伴。我们两家公司在对人、创新和客户服务方面有着相同的承诺，这将使得我们联合后的公司更加强大，在业内也更有竞争力。我期望本次合作可以为我们的客户和员工带来独特的利益。”

Jean-Pascal Tricoire, Chief Executive Officer of Schneider Electric, commented: “This acquisition significantly reinforces our building automation business unit. Pelco systems will integrate gradually in our Power and Control solutions for buildings and infrastructure. Security offers a highly attractive growth profile and video is becoming the key application in the building management market.”

施耐德电气首席执行官Jean-Pascal Tricoire则评论道：“本次收购极大地加强了我们的楼宇自动化业务部的实力。Pelco系统将逐步集成到我们的楼宇和基础设施电力和控制解决方案中。安全领域提供了一块引人的发展业务，而视频正在成为楼宇管理市场的一个关键应用。”

The price to be paid for Pelco is $1,220 million expressed as an enterprise value on a cash-free debt-free basis.  In addition, Schneider Electric will pay to the sellers the net present value of a tax benefit resulting from the step-up of Pelco’s assets, representing $320 million.  As a consequence, the total price paid in cash at closing will be $1,540 million.  The company had a net debt of roughly $139 million at 30 June 2007.

在作为无现金无债务的一个企业价值基础上，支付给Pelco的价格是12.2亿美元。 此外，由Pelco的资产递升而产生的净现值税收优惠，施耐德电气公司将支付给卖方3.2亿美元。因此，交易结束时支付的现金总价将达15.4亿美元。截至2007年6月30日，该公司净负债约为1.39亿美元。

The transaction is subject to anti-trust and other regulatory approval and is expected to close by October 2007.

该交易正在等待反托拉斯和其他常规的批准，预计将在2007年10月份完成。

Schneider Electric is the world’s power and control specialist. Through its world-class brands, Merlin Gerin, Square D and Telemecanique, Schneider Electric anticipates and satisfies its customers’ requirements in the residential, building, industry and energy and infrastructure markets. With 112,000 employees and operations in 190 countries, Schneider Electric generated sales of €13.7 billion in 2006 through 13,000 distributor outlets.

施耐德电气公司是全球电力与控制专家。通过旗下三大国际著名品牌，梅兰日兰（Merlin Gerin）、美商实快电力（Square D）和TE电器（Telemecanique），施耐德电气公司为能源与基础设施、工业、建筑及民用住宅等市场提供着系列齐全的优质产品及服务。施耐德电气2006年全球销售额为137亿欧元，在全世界190个国家拥有11万2千名员工以及1万3千多个销售点。

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