TAC Agrees to Acquire Six Yamas Controls Locations.Offices Have Combined Revenue of More than $40 MillionDALLAS -- TAC 1. TAC - Translator Assembler-Compiler. For Philco 2000. 2. TAC - Terminal Access Controller. , a world leader in building automation, security systems and energy solutions, today signed a purchase agreement to acquire six operating units of Yamas Controls Group Inc. These six units have combined revenue of more than $40 million and a workforce of 225 employees. TAC will acquire Yamas Controls Inc. in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden ; the Yamas Controls Southwest office in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. ; and four Yamas Controls Carolinas offices located in Charlotte, N.C.; Greensboro, N.C.; Morrisville (Raleigh), N.C.; and Greenville, S.C. Terms of the deal were not disclosed. Founded in San Francisco in 1952, Yamas Controls Group is headquartered in Sacramento, Calif., and is privately-owned by Alestra Ltd., a London-based financial holding company. Yamas is one of the nation's largest independent systems integrators and installs building management systems (BMS BMS abbr. Bachelor of Marine Science ) to control heating, ventilation, air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. (HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free ), 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. "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 Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern and Las Vegas," said Dean Meyer, president of TAC Americas. "As part of TAC, the former Yamas offices will be able to offer more products to their customers and provide a broader array of support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services as well. Furthermore, 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 Schneider Electric (Euronext: SCHN) is a French global company. It was founded in 1836 by two brothers, Joseph and Adolphe Schneider, who took over a troubled foundry at Le Creusot. , 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. The Yamas locations in the Carolinas will be integrated with existing TAC offices, and the western operations will function within TAC's current systems integration office management structure. About TAC TAC is a leading provider of building automation solutions based on Open Integrated Systems for Building IT. TAC's mission is to provide added value through building environment services for indoor climate, security and use of energy, delivered with advanced technology to end users and property owners throughout the world. With over 80 years of experience in the HVAC, building automation and security arenas, TAC employs more than 5,000 people worldwide, with partners and branches in 80 countries. TAC's parent company, Schneider Electric, is the world leader in automation and electricity management, with 112,000 employees worldwide and operations in 190 countries. Copyright (c) 2007, TAC, All rights reserved. |
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