APC is a global producer of APC UPS systems, RBC batteries, Netbots and cooling systems for the industrial and commercial markets. APC has been the industry-standard for reliable power and physical IT infrastructure for nearly four decades. Incorporated in 1981, the American Power Conversion Corporation was established with a focus on research and development into solar electricity. In 1988, American Power Conversion Corporation stock was made available for public trade. On February 14, 2007, American Power Conversion Corporation was acquired by Schneider Electric, a multinational European corporation known globally for its expertise in energy management and automation. This led to the establishment of the Critical Power & Cooling Services (CPCS) Business Unit, which now includes the APC and MGE UPS Systems brands.