Scheider Electric released some interesting financials of the deal and about Pelco. As Pelco being privately held, this kind of information was always held to rumor or speculation. It's out now. Welcome to the world of accountability and always increasing shareholder value. I've cut and pasted some highlights for your reference....
Pelco is the best possible fit for Schneider Electric to expand into building automation and security.
- Leader in the fast growing video security industry
- Highest brand recognition in the industry
- Above industry growth with a compound annual growth rate (CAGR) of 21% over the period 1997-2006.
- Sales of $506 million in 2006 (36% of that was outside the US)
- Broadest product line with full end-to-end solutions
- Significant R&D investments representing 7.5% of sales
- Premier Customer base from fanatical customer service
Schneider Electric reports sales of 13.7 billion Euros in 2006. At close they will pay a total of $1.54 billion for Pelco. Pelco will report into TAC, Schneider Electric's Building Automation Unit, and will take leadership of its present Fire & Security Product Division. Based on 2006 sales of $506 million, Pelco had an EBITDA of $46M and an EBITA of $30M.
You can read the rest on TAC's website: www.tac.com
