Schneider Electric acquires Zicom's business to grow inorganically in Indian market

France based electrical engineering and power management company Schneider Electric has signed an agreement with Zicom Electronic Security Systems to acquire its electronic security systems integration business, namely the Building Solutions Group and the Special Projects Group. The business recorded revenues of approx. €30 million in fiscal 2009 and has a headcount of about 200.

Zicom is the largest independent electronic security systems integrator in India. It has completed to date more than 1,000 projects in infrastructure (city surveillance, railways, airports etc.), government facilities, commercial buildings and high-end hotels where it enjoys strong market positions.

Chris Curtis, Executive Vice-President, Buildings Business, commented: "By combining Schneider Electric's complete solution offerings, including Pelco's world leading video security offers, with the strong execution capabilities, deep market knowledge and impressive customer reach of Zicom, we expect to attain leadership in India for fully integrated building management systems. In parallel, we will keep serving with great dedication our system integrator partners in India."

Olivier Blum, Country President, Schneider Electric India, commented: "This acquisition reaffirms our ambition in India and represents another major milestone after the robust development of the past years and the integration in 2009 of Conzerv Systems and Meher Capacitors, leaders in energy efficiency. Security and energy management are among India's top challenges and fastest growing markets. After the transaction, Schneider Electric will be in an even stronger position to capture these opportunities with the support of its 8,000 employees."

Schneider already has growing business in India through its own products and also by acquiring APC, a popular UPS and emergeny power supply brand in India.

Through acquisitions and organic growth Schneider Electric has good prospect to grow in Indian market.


Note: The phrase"Germany based electrical engineering company Schneider Electric" in the earlier version of this news article is corrected as "France based electrical engineering and power management company Schneider Electric". We regret for the error.