Schneider Electric To Acquire Power Measurement

Schneider Electric has agreed to acquire Victoria, Canada-based Power Measurement Inc. (PMI), owned by a consortium led by GFI Energy Ventures LLC. PMI, with $57 million in 2004 sales, designs, manufactures and provides enterprise energy intelligent systems for energy suppliers, service providers and large energy consumers.

Dave Petratis, executive vice president, Schneider Electric North American operating division, said, “This acquisition of a focused and well-managed company fits p

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