Pelco was up for grabs and the speculation is over now that the French tech firm, Schneider Electric, has negotiated a deal with the video security giant for $1.54 Billion. Schneider will pair the profitable Pelco video line with their recent acquisitions of TAC, Andover Controls and Invensys Building Systems.
Schneider has been engineering high profits globally with specific focus on growth sectors within the Middle East market. Although the acquisition is viewed as a wash to investors (see Forbes article), the addition of Pelco's brand recognition should be a nice fit for the group. (Press release).
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