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Image header Agence Europe
Europe Daily Bulletin No. 9363
Contents Publication in full By article 16 / 26
GENERAL NEWS / (eu) eu/competition

Commission clears planned acquisition of APC by Schneider Electric, subject to conditions

Brussels, 08/02/2007 (Agence Europe) - On 8 February, the European Commission approved the planned acquisition of American Power Conversion Corporation (APC) by the French group Schneider Electric. Both companies are major suppliers of a broad range of uninterruptible power supply (UPS) devices which clean power signals and provide back-up power in case of power cuts. The Commission's clearance is conditional upon the divestiture of Schneider Electric's business related to small UPS devices....

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