DALLAS - The worldÃ¢â‚¬â„¢s largest manufacturer of circuit breakers, Schneider Electric, plans to move into the building automation and control market with a proposal to buy TAC AB, a Swedish company with its Americas headquarters located here.
The $438 million deal represents significant growth potential for Schneider Electric, with the building control and automation market expected to grow more than six percent a year.
TORONTO - A $5 million (Canadian) round of funding is expected to provide biometric technology company Bioscrypt with a cushion should its expectation of becoming cash flow positive by years-end not pan out.
BOCA RATON, Fla. - The last of 30 employees who made anti-shoplifting tags for clothing were laid off by Tyco International in July, as the company streamlined operations by moving production to its plant in Puerto Rico.
PLAINVILLE, Conn. - A few short weeks after announcing that technology acquisitions would be in its future, GE Interlogix held true to its word, buying Kampro Technology, a Taipei, Taiwan-based maker of image sensing technology.
HARRISBURG, Pa. - While already a successful home networking system supplier with rising revenues, OnQ Technologies has made an appointment to its executive team that provides the missing link in its business development process.