Schneider Electric Completes Rebranding of Subsidiary, Summit Energy
Louisville, KY. – January 30, 2013 – Schneider Electric, a global specialist in energy management and sustainability services, announced today it has rebranded its wholly owned subsidiary, Summit Energy. Effective immediately, Summit Energy will now function under the name of Schneider Electric and the Summit Energy name will cease to exist. The legacy Summit Energy business will now reside within the newly created Schneider Electric Professional Services division and will further enhance the company’s global services.
“This is an exciting time for our organization and through Schneider Electric’s Professional Services we are uniquely positioned to provide an even deeper level of service to clients around the globe,” said Steve Wilhite, former Summit Energy CEO, now Senior Executive, Professional Services, Schneider Electric.
Wilhite continued, “Through Schneider Electric’s global reach, suite of services, and expertise, there is no other company capable of delivering the end-to-end energy management and sustainability services needed to accelerate and elevate the business performance of companies seeking these solutions.”
Founded in 1991 as a small natural gas consulting firm, Summit Energy grew into a leading global company providing energy management, procurement, and sustainability services. Schneider Electric acquired Summit Energy on March 24, 2011. Summit Energy’s energy procurement, risk management, market intelligence, data management and sustainability consulting services further expanded Schneider Electric’s portfolio of capabilities.
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 Centers & Networks and Residential. Focused on making energy safe, reliable, efficient, productive and green, the company’s 130,000 plus employees achieved sales of about 31 billion US dollars (22.4 billion euros) in 2011, through an active commitment to help individuals and organizations make the most of their energy.
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