Schneider Electric Explained

Schneider Electric SE
Type:Public
Foundation:
(as Schneider & Cie)
Area Served:Worldwide
Industry:Electrical equipment
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
Revenue: [1]
Revenue Year:2023
Income Year:2023
Net Income Year:2023
Assets Year:2023
Equity Year:2023
Num Employees:153,121
Num Employees Year:2023
Subsid: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
Footnotes:[2]
Location:Rueil-Malmaison, France

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

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.

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

History

1836–1963

See main article: Schneider-Creusot.

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

See main article: Empain-Schneider. 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 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. 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 .[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
TélémécaniqueManufacturer of electrical circuit breakers, switchgear, and sensorsFrance
Square DManufacturer of electrical circuit breakers, switchgear, and transformersUSA
Merlin GerinManufacturer of electrical circuit breakers and transformersFrance[35] [36]
ModiconManufacturer of programmable logic controllers (PLC)USA[37]
PDLDomestic and industrial electrical hardwareNew Zealand[38] [39]
TACBuilding automation and controlSweden[40]
KavlicoPressure sensorsUSA[41]
ClipsalWiringAustralia[42]
Juno LightingLightingUSA[43]
BEI TechnologiesCustomized sensorsUSA
MertenUltra terminalGermany[44]
CitectSCADA system and MES automation softwareAustralia[45]
American Power ConversionPower backup and protection and electrical distributionUSA
Meher CapacitorsPower factor correctionIndia[46]
Zicom Security SystemsSecurity systemsIndia[47]
SCADAgroupSCADA and control systemsAustralia[48]
Areva T&DTransmission & distributionEurope[49]
Summit EnergyEnergy managementUSA[50]
DigilinkNetwork connectivity productsIndia[51]
APW President SystemsEnclosure systemsIndia[52]
LuminousPower invertersIndia[53]
TelventReal-time information management systemsSpain[54]
ViridityData center management softwareUSA[55]
SolveIT SoftwarePlanning and scheduling softwareAustralia[56]
InvensysMultinational engineering and information technology companyUK[57]
January 2014FoxboroControl systemsUSA[58]
July 2017ASCOTransfer 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]
2020RIB SoftwareAEC softwareUSA[63]
2020OSISoftIndustrial data softwareUSA[64]
2020Larsen & Toubro E&AElectrical and automation technologyIndia[65]
January 2022ZeigoClimate-tech platformUK[66]
June 2022EV ConnectElectric vehicle charging platformUSA[67]
2022EnergySageMarketplace for solar panelsUSA[68]
2022AutoGridDistributed energy resource managementUSA[69]

See also

External links

Notes and References

  1. Web site: 2023 Universal Registration Document. Financial and Sustainable Development Report for the Year Ended December 31, 2023 . Schneider Electric.
  2. Web site: Schneider Electric Annual Report 2018 . January 19, 2019 . Schneider Electric . mdy-all.
  3. News: 2022-05-30 . Green economy bolstered as Schneider Electric opens 2500 green jobs worldwide . en . Financial Post . 2022-05-30.
  4. Web site: 2019-10-03 . Electrification and digitisation 'are the recipe for a more sustainable world' . 2020-05-07 . Energy Live News . en-US.
  5. Web site: 1-EURO STOXX 50® (SX5E) (EU0009658145). Qontigo.
  6. Web site: Schneider Unveils Schneider Electric Ventures at its Innovation Summit . 2019-03-15 . www.iotworldtoday.com.
  7. . Arms and the Men . . Reprinted by The Harvard Crimson. 18 May 1934. 11 February 2023.
  8. Book: Quigley, Carroll . Tragedy And Hope . Macmillan . 1966 . 0-945001-10-X . New York . 518.
  9. News: Nicholson . Chris V. . April 13, 2011 . Tyco Deal Could Be Costly for Schneider . . December 1, 2022.
  10. Book: Nye, Gerald P. . 1934 . A primer on Europe's armament makers who prolong war and disturb peace . U.S. Government Printing Offices . 7–9.
  11. Book: Grant, Jonathan A. . 2018 . Between Depression and Disarmament . The Schneider–Škoda Alliance, 1919–1930 . 24–51 . Cambridge University Press . 10.1017/9781108552721.002 . 9781108448505 .
  12. News: Mooney . Richard E. . April 19, 1966 . Business Empire Set Up in France . . December 1, 2022.
  13. News: Renard . Francoise . February 28, 1981 . Le groupe Paribas prend le contrôle de l'empire Empain-Schneider La fin de l'intermède belge . December 1, 2022.
  14. Georgieva . Sonia . Lungarova . Tsvetina . 2019 . Effects of Corporate Social Responsibility and Traditions in Innovations on the Activity of an International Company – the Case of "Schneider Electric" . Economic Alternatives . 2 . 227–234 . December 1, 2022.
  15. News: Ramirez . Anthony . 1991-05-13 . Square D Agrees to Takeover . en-US . The New York Times . 2019-03-15 . 0362-4331.
  16. Web site: Schneider Electric Focuses on Strategy to Strengthen Merlin Gerin, Square D and Telemecanique Brands . 2019-03-15 . Automation.com.
  17. Web site: May 28, 2015 . The world's longest-running electrical equipment companies . Power Technology.
  18. News: Fleming . Charles . January 12, 1999 . France's Schneider to Pay $1.06 Billion For Scandinavian Switch Maker Lexel . . December 1, 2022.
  19. Web site: 2000-10-01 . Schneider buys Crouzet and Positec to target OEMs . 2024-03-30 . Drive & Controls.
  20. News: Walsh . Lawrence M. . October 30, 2006 . Viva Le Power: Schneider Buys APC . CRN . December 1, 2022.
  21. News: Miller . Rich . October 30, 2006 . Schneider Buys APC for $6.1 Billion . Data Center Knowledge . December 1, 2022.
  22. News: Moltzen . Edward F.. . February 14, 2007 . Schneider Electric Wraps Up APC Acquisition . CRN . December 1, 2022.
  23. News: . December 26, 2011 . Areva T&D board approves name change . The Economic Times . December 1, 2022.
  24. News: . June 9, 2010 . Alstom and Schneider Electric Close on Areva T&D Acquisition . Power Technology . December 1, 2022.
  25. News: Dummett . Ben . Kostov . Nick . 2017-09-05 . Schneider Electric Swoops for U.K. Software Firm Aveva . en-US . . 2019-03-15 . 0099-9660.
  26. News: . September 21, 2022 . France's Schneider to buy rest of Aveva in $11 billion deal . Reuters . December 1, 2022.
  27. Web site: Schneider's L&T Acquisition to Power 'Make In India' Mission Storify News . 2019-06-17 . en-US . 2019-09-24.
  28. News: 14 February 2020 . Schneider Electric makes €1.4bn bid for German construction IT company . Global Construction Review . 30 July 2021.
  29. News: 10 July 2020 . Schneider Electric a finalisé le rachat de RIB Software . Les Echos Investir . 30 July 2021.
  30. Web site: Schneider Electric SE:'s Acquisition of ProLeiT AG: Marketscreener. 8 May 2020 .
  31. Web site: 18 January 2023 . Schneider Electric: acquisition d'Aveva finalisée . 14 February 2023 . Boursorama.
  32. Web site: Conseil environnemental : Schneider Electric a finalisé l'acquisition d'EcoAct . 3 November 2023 . Environment Magazine.
  33. Web site: Schneider Electric finalise l'acquisition d'EcoAct, spécialiste de la data sur l'environnement . 3 November 2023 . La Revue du Digital.
  34. Web site: Conseil climatique: Schneider Electric finalise l'acquisition d'EcoAct . 3 November 2023 . Connaissance des Energies.
  35. News: Bourbon . Jean-Claude . July 9, 2020 . Schneider takes another step into digital . La Croix . February 15, 2023.
  36. News: Lepetit . Bérangère . March 30, 2019 . Schneider Electric's "private and free" school has been training since 1930 . Le Parisien . February 15, 2023.
  37. News: Peterson . David . March 2, 2022 . The Origin Story of the PLC . Control Automation . February 15, 2023.
  38. News: 22 June 2001 . Schneider completes PDL takeover . . 10 April 2014.
  39. Web site: Company . 10 April 2014 . Schneider-Electric.
  40. Web site: EQT divests TAC to Schneider Electric . June 12, 2003 . EQT . February 15, 2023.
  41. Web site: Schneider buys Kavlico and takes a stake in Elau - Drives and Controls Magazine . 2020-07-02 . drivesncontrols.com.
  42. News: Menon . Ravi . January 20, 2013 . Schneider to widen Clipsal reach . Business Standard . February 15, 2023.
  43. News: John . Peter . July 22, 2005 . Schneider buys BEI Technologies for $562m . Financial Times . February 15, 2023.
  44. News: . September 1, 2006 . Schneider Electric gets GET in the UK . Drives & Controls . February 15, 2023.
  45. News: . August 1, 2006 . Citect CEO Excited to be There . Automation World . February 15, 2023.
  46. News: Singh . Seema . August 6, 2009 . Schneider acquires Meher Capacitors . dead . LiveMint . https://web.archive.org/web/20090810110741/https://www.livemint.com/2009/08/06221618/schneider-acquires-meher-capac.htmll . August 10, 2009 . February 15, 2023.
  47. News: 6 March 2010 . Zicom to sell security units to Schneider for Rs 225 cr . The Times Of India . 2015-03-08.
  48. Web site: Schneider buys Australia's SCADA group . 14 April 2010 . 2012-03-23 . dead . https://web.archive.org/web/20100417072110/http://www.businessspectator.com.au:80/bs.nsf/Article/Schneider-buys-Australias-SCADAgroup-for-185-mln-4GMDA?OpenDocument&src=mp . 2010-04-17.
  49. Web site: 2009-12-01 . Alstom and Schneider for Areva T&D . 2015-03-08 . World-nuclear-news.org.
  50. News: Guevarra . Leslie . March 25, 2011 . Schneider's $268M Acquisition of Summit Energy Tightens EECA Market . GreenBiz . February 15, 2023.
  51. News: 1 April 2011 . Smartlink Network sells Digilink to Schneider for Rs 503 cr . The Times Of India . 2015-03-08.
  52. News: Schneider Electric acquires 75 pc stake in APW President Systems . The Times Of India . 2015-03-08.
  53. News: 31 May 2011 . Schneider to acquire 74% stake in Luminous Power . The Hindu .
  54. News: Abboud . Leila . June 1, 2011 . Schneider Electric to buy grid software group Telvent . Reuters . February 15, 2023.
  55. Web site: 2011-12-20 . Schneider snags Viridity to see how many watts servers suck . 2015-03-08 . Gigaom.
  56. News: Crozier . Ry . September 3, 2012 . SolveIT bought by Schneider Electric . CRN . February 15, 2023.
  57. News: Schultz . Jordan M. . January 17, 2014 . Schneider Electric completes acquisition of Invensys . Control Engineering . February 15, 2023.
  58. News: Peterson . Jeff . April 22, 2020 . Schneider Electric consolidating operations at Foxboro campus; loss of more than 100 jobs . The Sun Chronicle . February 15, 2023.
  59. News: 2017-07-27 . Schneider Electric buys Asco, raises 2017 guidance . CNBC . 2017-11-07 . 2020-09-15 . https://web.archive.org/web/20200915224530/https://www.cnbc.com/2017/07/27/reuters-america-update-1-schneider-electric-buys-asco-raises-2017-guidance.html . dead .
  60. News: Tan . Huileng . 2017-09-24 . Schneider Electric CEO: Aveva acquisition combines software and engineering strengths . CNBC . 2017-09-25.
  61. News: Hurst . Aaron . January 19, 2023 . Schneider Electric completes acquisition of AVEVA . Information age . February 15, 2023.
  62. News: Clarke . Susan . November 24, 2020 . Schneider Electric's Acquisition Of ETAP Highlights The Strengthening Market Conditions For Microgrid Deployments . Verdantix . February 15, 2023.
  63. News: Wilkinson . Paul . February 20, 2020 . Schneider Electric makes €1.4 bn bid for RIB Software . Extranet Evolution . February 15, 2023.
  64. News: Moore . Paul . August 25, 2020 . Schneider Electric-controlled AVEVA buying mining real-time data major OSIsoft . International Mining . February 15, 2023.
  65. News: Thomas . Tanya . August 31, 2020 . L&T sells its electrical and automation business to Schneider Electric for ₹14,000 crore . LiveMint . February 15, 2023.
  66. News: McManan-Smith . Tim . January 14, 2022 . Schneider Electric acquires Zeigo PPA platform . The Energyst . February 3, 2023.
  67. News: Kerencheva . Emanuela . June 22, 2022 . Schneider Electric Acquires EV Charging Platform EV Connect . ESG Today . February 15, 2023.
  68. News: Spector . Julian . February 18, 2022 . Schneider snaps up solar marketplace EnergySage, aims to electrify homes . Canary Media . February 15, 2023.
  69. News: Runyon . Jennifer . May 13, 2022 . Schneider Electric scoops up DERMS provider AutoGrid . Smart Energy International . February 15, 2023.

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