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Schneider Electric Agrees to Buy German Firm
May 25, 2007
Schneider Electric has agreed to acquire Ritto GmbH & Co Kg, a German firm that manufactures door entry and intercom systems for the residential and small tertiary buildings markets. Ritto had revenue of nearly 25 million euro in 2006.   ; The company will be added to Schneider's offerings in Installation Systems and Control, which includes wiring devices, installation material, control products and VDI.   ; Schneider has operations in 190 countries.