Lee Technologies acquired by French energy management firm
Lee Technologies Inc. has been acquired by Schneider Electric, a French energy management company. The financial terms of the acquisition were not reported.
Another European company has jumped across the Atlantic to broaden its footprint in the North American IT market.
Lee Technologies Inc. has been acquired by Schneider Electric, a French energy management company. The financial terms of the acquisition were not reported.
The Fairfax, Va., company specializes in the mission-critical data center services, including remote monitoring command centers and onsite critical facility operations. It caters to several customer segments that include the federal government, financial services, telecommunications, IT and health care, according to an announcement from Schneider Electric.
Lee Technologies has more than 300 employees and generated sales of about $140 million in 2010, the announcement said.
The addition of Lee Technologies will give Schneider Electric capabilities that range from consulting, site assessment, design, equipment specification and selection to integration, commissioning, facility operations staffing, maintenance and round-the-clock remote monitoring.
This full repertory of services will reinforce Schneider Electric’s IT business skills in data center management and its ability to provide the best standards in energy conservation and reliability to data centers, the announcement said.