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Pelco by Schneider Electric’s headquarters in Fresno. Photo by David Castellon

published on July 17, 2018 - 11:39 AM
Written by David Castellon

After years of downsizing and relocating several employees from Clovis to Fresno, an online report states that Pelco by Schneider Electric is up for sale.

Numerous requests in recent days seeking to get somebody from the company that manufactures surveillance cameras and equipment to confirm or deny the report went unanswered.

As for reports the company is for sale, that’s coming from IPVM, a website describing itself as “the world’s leading resource on security and video surveillance, providing news, reviews and test results on access control, alarm systems, cameras, recorders, and more.”

“Pelco is for sale, being shopped by an investment bank, IPVM has confirmed from multiple sources,” states the website, which doesn’t list those sources.

The site goes on to note that Fresno-based Pelco was purchased by Schneider Electric, a multi-national, European-based company, for $1.5 billion back in 2007 and “has been mismanaged by Schneider in a decade of decline.”

At one point, Pelco was Clovis’ largest employer, with about 1,800 people working at its manufacturing and office buildings there. By September of last year, that number reportedly was down to 650, and the company announced last summer that its executive, engineering and marketing teams were relocating from buildings in its Clovis campus to Pelco’s office in Fresno.

Though he had no authoritative way to determine the number of people now working at Pelco’s Clovis facility, Andy Haussler, the city’s community and economic development director said from what he’s heard, it’s in the “400ish” range.


For the full story on Pelco’s reportedly being for sale, read the July 20 print edition of The Business Journal. Find a newsstand or subscribe today.

 


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