BOSTON – August 1, 2007 - TAC, a company of Schneider Electric, announced today that it has received the North American HVAC Controls Growth Strategy Leadership of the Year Award from Frost & Sullivan.
TAC received this award for achieving exceptional growth in a mature heating, ventilation, and air conditioning (HVAC) controls market through the implementation of a well-developed growth strategy. The company’s outstanding ability to expand its product coverage was complemented by a series of successful mergers including recent mergers with Invensys Building Technologies (IBS) and Applied Controls Technology.
“Most times, success is not the product of one ingenious plan or the product launch of a phenomenal product. It is usually the culmination of a number of carefully cultivated and executed series of best practices,” said Frost and Sullivan research analyst Jorge Moreno. “In the case of TAC the core commitment to high value, customer focus, and well thought out and executed mergers and partnerships, has enabled TAC to develop and execute critical initiatives for success.”
“An aggressive growth strategy supported by a strong ideology of long-term customer partnerships has positioned TAC for high growth in the HVAC controls market,” said TAC Chairman and CEO Arne Frank. “TAC provides its customers value by developing solutions that lower overall costs and improve business performance.”
TAC captured the North American HVAC Controls Growth Strategy Leadership of the Year Award by actively seeking out and responding to customer input and striving to grow long-term relationships. TAC’s efforts are also focused on broadening its high-end solution offerings to improve the life cycle of a client’s building.
“Today’s competitive market for HVAC systems puts a great deal of emphasis on increasing the comfort of building occupants while decreasing the energy required to maintain that comfort, accomplishing more while using less,” added Moreno. “TAC has developed strong building automation solutions that encompass not only the energy use of HVAC systems but also the quality of energy coming into the building measured by the power meter. TAC is an industry leader providing energy management solutions that increase building comfort and maximize energy utilization.”
