Industry Roundup: Mergers, Acquisitions and Agreements

11/09/2006


• Baldor Electric, Fort Smith, Ark. has signed a definitive agreement to acquire the Reliance Electric Company and certain of its affiliates from Rockwell Automation, Inc.

According to The Wall Street Journal , Schneider Electric has reached an agreement to acquire APC .

• Philips Lighting, Somerset, N.J. has been recognized by the Environmental Protection Agency as the first U.S. company to take a company-wide pledge in meeting waste minimization standards. Philips is committed to reduce lead and mercury levels in the production of its products will represent 37% of the EPA’s national chemical reduction goal for 2011 for all businesses and companies reporting priority chemicals.

The National Electrical Manufacturers Assn, Rosslyn, Va., offered support to one of its European counterparts, criticizing a new European Parliament environment committee proposal that would extend provisions of the EU Directive on Registration, Evaluation, Authorization, and Restrictions of Chemicals (REACH).

• Open Energy Corp., San Jose, Calif., a provider of solar energy technologies, announced today the signing of a national distribution agreement with DC Power Systems, one of the largest wholesale renewable energy distributors in the country.

• Selkirk Americas, Richardson, Texas, has purchased the assets of Heat-fab, Inc., Turners Falls, Mass.

• Trimble, Sunnyvale, Calif., has entered into a definitive agreement to acquire privately held Meridian Project Systems, Folsom, Calif., a developer of enterprise project management and life-cycle software.

• Victaulic, Easton, Pa., has acquired full ownership of NVent LLC, Allentown, Pa. The latter was a joint venture of Victaulic and NIBCO.





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