Schneider Electric Acquires Lee Technologies
April 4th, 2011 By: Rich Miller
Global energy management conglomerate Schneider Electric has acquired Lee Technologies, a leading service provider for the data centers of the North American market, the companies said today. The deal enhances Schneider’s data center business, which already includes the APC line of power and cooling projects, and familiar brands such as Square D and Pelco. The acquisition of Lee Technologies provides Schneider with a presence in data center staffing and support. Terms were not disclosed.
Headquartered in Fairfax, Virginia, Lee Technologies specializes in data center services, including remote monitoring command centers and on-site critical facility operations. It focuses on customers in the federal government, financial services, telecommunications, information technology and healthcare.
Lee has over 300 employees and generated sales of about $140 million (approx. €104 million) in 2010.
Lee Technologies’ capabilities include consulting, site assessment, design, equipment specification and selection to integration, commissioning, facility operations staffing, maintenance and proactive 24×7 remote monitoring.
“Lee Technologies possesses a deep and intimate knowledge of both its customers’ needs and data center operations,” said Laurent Vernerey, Executive Vice President, Schneider Electric IT business. “This unique combination of business and technical expertise and total lifecycle service will broaden our client base, extend our advanced service capabilities and enable us to provide our customers a totally ‘managed’ contract to meet their energy conservation and reliability needs.”
“We are excited about the opportunity to join Schneider Electric as we have always held the company in high esteem,” said John Lee IV, Lee Technologies, CEO and Chairman. “We are confident that our broad and comprehensive offering for data centers will be well positioned to benefit from solid growth opportunities in the future.”
Founded in 1983, Lee Technologies has commissioned critical power equipment for more than 5 million square feet of mission-critical space and currently maintains critical equipment that supports over 3 million square feet throughout the U.S.