by Rebecca Walker — March 30, 2011—Schneider Electric, a global specialist in energy management, announced it has signed an agreement to acquire Summit Energy Services Inc., a leader in outsourced energy procurement and sustainability services to industrial, commercial and institutional enterprises.
Summit Energy provides its clients with services of energy procurement, risk management, market intelligence, data management and sustainability consulting. It employs more than 350 individuals in 11 international offices across North America and Europe and serves client facilities in more than 90 countries. Summit Energy is a fast-growing business, expected to generate sales of approximately $65 million for the current year.
Chris Curtis, Schneider Electric’s Senior Executive Vice President, North America, commented, “The acquisition of Summit Energy allows Schneider Electric to broaden our energy management services and solution portfolio, offering customers the ability to manage and optimize their energy consumption from the supply side through the demand side, while also growing our energy and environmental online reporting capabilities.”
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in energy and infrastructure, industrial processes, building automation, and data centers/networks, as well as a broad presence in residential applications. For more information, see the Web site.
