VC-Backed SCL Elements Acquired by Schneider Electric

SCL Elements, Inc., a Montréal, Quebec-based company that works with systems integrators, resellers, and OEMs on software set-ups to held optimize buildings’ energy consumption, has been acquired by French energy management specialist Schneider Electric SA. The financial terms of the deal were not published. SCL Elements has since 2011 been backed by US clean-tech venture capital firms Navitas Capital and The Westly Group.

PRESS RELEASE:

Schneider Electric, a global specialist in energy management, today announced that it has acquired the assets and daily operations of SCL Elements Inc. of Quebec, Canada. Based in Montreal, SCL Elements works with systems integrators, resellers and original equipment manufacturers (OEM) around the world to offer wired and wireless building automation solutions that optimize energy consumption while increasing the comfort of building occupants.

With this acquisition, CAN2GO®, a brand of SCL Elements that provides facility managers, contractors and OEM manufacturers with the ability to combine wired (BACNet, Modbus, CANbus), wireless (EnOcean, ZigBee) and web (IP/Ethernet) building automation technologies that allow for maximum interoperability, control and energy savings, will integrate with Schneider Electric’s StruxureWare™ software applications and suites. StruxureWare software enables Schneider Electric’s EcoStruxure™ integrated energy management architecture that is designed to simplify energy management, allowing users to see, measure, and manage efficiency across their buildings.

“At Schneider Electric, we’re focused on providing best-in-class products and complete solutions for managing the world’s energy,” said Michel Ramser, vice president of Offer Management for the Buildings Business of Schneider Electric. “With the acquisition of SCL Elements, we’ve added an innovative building automation solution to our portfolio to better serve our customers.”

“Given our successful partnership with Schneider Electric, we are extremely excited to join forces with a global leader in energy management,” said Simon Leblond, president and CEO, SCL Elements. “This acquisition carries forward the expertise of our employees and our advanced product range while delivering new opportunities to customers of Schneider Electric.”

About Schneider Electric
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 Utilities & Infrastructures, Industries & Machine Manufacturers, Non-residential Buildings, Data Centres & Networks and in Residential. Focused on making energy safe, reliable, efficient, productive and green, the Group’s 130,000 plus employees achieved sales of 22.4 billion euros in 2011, through an active commitment to help individuals and organizations make the most of their energy.

www.schneider-electric.com

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