Schneider Energy has acquired Lee Technologies
Lincoln International, a leading global mid-market investment bank, has announced that Lee Technologies has been acquired by Schneider Electric. Lincoln International acted as the exclusive financial advisor to Schneider Electric, working closely with the company throughout the acquisition process. Terms of the transaction were not disclosed.
As the exclusive financial advisor to Schneider Electric, Lincoln International worked with the senior management team throughout the acquisition process providing advisory and valuation expertise and assisting in the negotiation and due diligence phases of the transaction.
Headquartered in Fairfax, Virginia, Lee Technologies has over 300 employees and generated sales of about $140 million in 2010. The company specializes in mission-critical data center services, including remote monitoring command centers and on-site critical facility operations. It caters to several customer segments including federal government, financial services, telecommunications, information technology and healthcare.
Lee Technologies brings to Schneider Electric capabilities ranging from consulting, site assessment, design, equipment specification and selection to integration, commissioning, facility operations staffing, maintenance and proactive 24×7 remote monitoring. This full repertoire of services will reinforce Schneider Electric’s IT business skills in data center management and its ability to provide data centers, one of the world’s fastest growing end-users of energy, with the best standards in energy conservation and reliability.
Laurent Vernerey, Executive Vice President, Schneider Electric IT business said: “Lee Technologies possesses a deep and intimate knowledge of both its customers’ needs and data center operations. This unique combination of business and technical expertise and total lifecycle service will broaden our client base, extend our advanced service capabilities and enable us to provide our customers a totally ‘managed’ contract to meet their needs.”
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