Schneider Electric

Last updated
Schneider Electric SE
Company type Public
Industry Electrical equipment
PredecessorMerlin-Gerin  OOjs UI icon edit-ltr-progressive.svg
Founded1836;188 years ago (1836)
(as Schneider & Cie)
Founders
Headquarters Rueil-Malmaison, France
Area served
Worldwide
Key people
Products Building automation, home automation, switches, and sockets, plant process and emergency shutdown systems, industrial control systems, electric power distribution, electrical grid automation, smart grid, critical power & cooling for datacenters
RevenueIncrease2.svg €35.9 billion [1]  (2023)
Increase2.svg€5.93 billion [1]  (2023)
Increase2.svg€4.00 billion [1]  (2023)
Total assets Increase2.svg€58.899 billion [1]  (2023)
Total equity Increase2.svg€27.168 billion [1]  (2023)
Number of employees
153,121 [1]  (2023)
Subsidiaries Luminous Power Technologies Pvt Ltd., invensys, SolveIT Software, APC, Areva T&D, BEI Technologies, Cimac, Citect, Clipsal, ELAU, Federal Pioneer, Merlin Gerin, Merten, Modicon PLC, Nu-Lec Industries, PDL Group, Power Measurement, Square D, TAC, Telemecanique, Telvent, Zicom, Summit, Xantrex
Website www.se.com OOjs UI icon edit-ltr-progressive.svg
Footnotes /references
[2]

Schneider Electric SE is a French multinational corporation that specializes in digital automation and energy management. [3] [4]

Contents

Schneider Electric is a Fortune Global 500 company, publicly traded on the Euronext Exchange, and is a component of the Euro Stoxx 50 stock market index. [5] In fiscal year 2023, the company posted revenues of €35.9 billion. [1]

Schneider Electric is the parent company of Square D, APC, and others. It is also a research company. [6]

History

1836–1963

In 1836, brothers Adolphe and Joseph-Eugene Schneider took over an iron foundry in Le Creusot, France. [7] Two years later, they founded Schneider-Creusot, the company that would eventually become Schneider Electric. Initially, Schneider-Creusot specialized in the production of steel, heavy machinery, and transportation equipment. [8] [9] In 1871, following France's defeat in the Franco-Prussian War, the company significantly developed its capacity for weapons manufacturing. [10] Over the first half of the 20th century, Schneider-Creusot continued to grow, establishing manufacturing sites in France and abroad, including in pre-Soviet Russia and Czechoslovakia. [10] [11]

1963–1999

In the 1960s, following the death of Charles Schneider, Schneider-Creusot was absorbed by Belgium's Empain group, which merged Schneider-Creusot with its corporate structures to form Empain-Schneider. [12] [13] In 1981, the Empain family sold its controlling stake to Paribas. [13] In the 1980s and 1990s, the company, once again operating under the Schneider name, divested from steel and shipbuilding and, through strategic acquisitions, began to focus on the electricity sector. [9] [14] These acquisitions included Télémécanique in 1988, [9] Square D in 1991, [15] and Merlin Gerin  [ fr ] in 1992. [16]

1999–present

In January 1999, Schneider acquired the Scandinavian switch-maker Lexel. [17] [18] Later that year, the company renamed itself Schneider Electric, to reflect its focus on the electricity sector. [17] In 2000, Schneider Electric acquired the French controls-maker Crouzet Automatismes from Thomson-CSF and the Swiss motion control specialist SIG Positec from SIG Group. [19]

In October 2006, Schneider Electric announced that it would acquire the data center equipment manufacturer American Power Conversion for $6.1 billion. [20] [21] The following February, the move was finalized following its approval by the European Commission. [22] In June 2010, Schneider and the rolling stock manufacturer Alstom jointly purchased Areva's transmission and distribution businesses in a transaction totaling $2.73 billion. [23] [24]

In 2016, Schneider acquired Tower Electric, a British company that manufactured fixings and fastenings for construction and electrical firms.[ citation needed ] In 2017, Schneider Electric became the majority shareholder of Aveva, a provider of engineering and industrial software based in the UK. [25] [26] The next year, it acquired the Indian multinational Larsen & Toubro's electrical and automatic business in a cash deal for ₹140 billion (US$1.7 billion). [27]

In February 2020, Schneider made a €1.4 billion takeover bid for German company RIB Software, [28] closing the deal in July 2020. [29] Also in 2020, Schneider Electric acquired ProLeiT AG, a supplier of industrial control and MES software. [30]

In January 2023, Schneider Electric's acquisition of Aveva was finalized. [31]

In November 2023, Schneider Electric finalized its acquisition of EcoAct, a company devoted to climate consulting and net-zero solutions. [32] [33] [34]

Notable acquisitions

Acquisition dateCompanyBusinessCountrySource
1988 Télémécanique Manufacturer of electrical circuit breakers, switchgear, and sensorsFrance [9]
1991 Square D Manufacturer of electrical circuit breakers, switchgear, and transformersUSA [15]
1992 Merlin Gerin Manufacturer of electrical circuit breakers and transformersFrance [35] [36]
1997 Modicon Manufacturer of programmable logic controllers (PLC)USA [37]
2001PDLDomestic and industrial electrical hardwareNew Zealand [38] [39]
June 2003 TAC Building automation and controlSweden [40]
March 2004KavlicoPressure sensorsUSA [41]
2004 Clipsal WiringAustralia [42]
June 2005 Juno Lighting LightingUSA [43]
July 2005BEI TechnologiesCustomized sensorsUSA [43]
2006MertenUltra terminalGermany [44]
2006 Citect SCADA system and MES automation softwareAustralia [45]
February 2007 American Power Conversion Power backup and protection and electrical distributionUSA [20] [21]
July 2009Meher CapacitorsPower factor correctionIndia [46]
March 2010Zicom Security SystemsSecurity systemsIndia [47]
April 2010SCADAgroupSCADA and control systemsAustralia [48]
December 2010Areva T&DTransmission & distributionEurope [49]
March 2011Summit EnergyEnergy managementUSA [50]
April 2011DigilinkNetwork connectivity productsIndia [51]
May 2011APW President SystemsEnclosure systemsIndia [52]
May 2011LuminousPower invertersIndia [53]
June 2011 Telvent Real-time information management systemsSpain [54]
December 2011ViridityData center management softwareUSA [55]
September 2012 SolveIT Software Planning and scheduling softwareAustralia [56]
January 2014 Invensys Multinational engineering and information technology companyUK [57]
January 2014 Foxboro Control systemsUSA [58]
July 2017 ASCO Transfer switches, power control systems, and industrial control productsUSA [59]
September 2017 (60% controlling stake) Aveva GroupInformation-technology/consulting groupUK [60]
January 2023 (remaining shares) [61]
November 2020ETAPElectrical power systems softwareUSA [62]
2020 RIB Software AEC softwareUSA [63]
2020OSISoftIndustrial data softwareUSA [64]
2020 Larsen & Toubro E&AElectrical and automation technologyIndia [65]
January 2022ZeigoClimate-tech platformUK [66]
June 2022EV ConnectElectric vehicle charging platformUSA [67]
2022 EnergySage Marketplace for solar panelsUSA [68]
2022AutoGridDistributed energy resource managementUSA [69]

See also

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References

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  43. 1 2 John, Peter (July 22, 2005). "Schneider buys BEI Technologies for $562m". Financial Times. Retrieved February 15, 2023.
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  52. ↑ "Schneider Electric acquires 75 pc stake in APW President Systems". The Times Of India. Retrieved 2015-03-08.
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