TAC Agrees to Acquire Six Yamas Controls Locations.
DALLAS -- TAC, 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; the Yamas Controls Southwest office in Las Vegas; 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) 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.
"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. "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 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, 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.
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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|Date:||Jun 25, 2007|
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