Schneider Electric's Critical Power and Cooling Services Business Unit, formerly known as American Power Conversion Corporation, is a manufacturer of uninterruptible power supplies, electronics peripherals and data center products.
In 2007, Schneider Electric acquired APC and combined it with MGE UPS Systems to form Schneider Electric's Critical Power & Cooling Services Business Unit, which recorded 2007 revenue of $3.5 billion (EUR 2.4 billion) and employed 12,000 people worldwide. Until February 2007, when it was acquired, it had been a member of the S&P 500 list of the largest publicly-traded companies in the United States. Schneider Electric, with 113,900 employees and operations in 102 countries, had 2008 annual sales of $26 billion (EUR 18.3 billion).
APC was founded in 1981 by three MIT Lincoln Lab electronic power engineers. Originally, the engineers focused on solar power research and development. When government funding for their research dried up, APC shifted its focus to power protection by introducing its first UPS in 1984.
In July 1988, APC became a publicly held company, traded on the NASDAQ exchange under the ticker symbol APCC. In February 2007, American Power Conversion was delisted from the NASDAQ exchange, and replaced in the S&P 500 Index by Hudson City Bancorp.
Schneider Electric announced its acquisition of APC on October 30, 2006 and completed it on February 14, 2007. The deal was approved by APC share holders on January 16, 2007. The European Union authorized the merger, provided that Schneider divest itself of the MGE UPS SYSTEMS global UPS business below 10kVA.
Today, the Company focuses its efforts on four application areas:
• Home/Home Office
• Business Networks
• Access Provider Networks
• Data Centers and Facilities
Intercomp is an Authorised Partner for APC.
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