Schneider Electric To Purchase Xantrex Technology

Schneider Electric, Paris, has agreed to acquire all of the common shares of Xantrex Technology Inc, Vancouver, British Columbia.

The transaction is expected to close by October 2008.

Xantrex is a top global player in the solar and wind inverter market with strong growth potential, including leadership in the North American solar inverter market; positions in key European markets, especially Germany and Spain; broad product portfolio in 1-phase and 3-phase power technology; an

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