Schneider Electric SE is a French multinational corporation that specializes in digital automation and energy management.[3][4]
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![]() Schneider Electric head office in Paris | |
Company type | Public |
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Industry | Electrical equipment |
Predecessor | Merlin-Gerin ![]() |
Founded | 1836 (as Schneider & Cie) |
Founders | |
Headquarters | Rueil-Malmaison, France |
Area served | Worldwide |
Key people |
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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 | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
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 |
Footnotes / references [2] |
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 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]
- 1838: "La Gironde", the first French locomotive
- The Schneider logo in the 1950s
- One of the first brochures for Telemecanique industrial control products. Telemecanique was acquired by Schneider Electric in 1988.
Notable acquisitions
Acquisition date | Company | Business | Country | Source |
---|---|---|---|---|
1988 | Télémécanique | Manufacturer of electrical circuit breakers, switchgear, and sensors | France | [9] |
1991 | Square D | Manufacturer of electrical circuit breakers, switchgear, and transformers | USA | [15] |
1992 | Merlin Gerin | Manufacturer of electrical circuit breakers and transformers | France | [35][36] |
1997 | Modicon | Manufacturer of programmable logic controllers (PLC) | USA | [37] |
2001 | PDL | Domestic and industrial electrical hardware | New Zealand | [38][39] |
June 2003 | TAC | Building automation and control | Sweden | [40] |
March 2004 | Kavlico | Pressure sensors | USA | [41] |
2004 | Clipsal | Wiring | Australia | [42] |
June 2005 | Juno Lighting | Lighting | USA | [43] |
July 2005 | BEI Technologies | Customized sensors | USA | [43] |
2006 | Merten | Ultra terminal | Germany | [44] |
2006 | Citect | SCADA system and MES automation software | Australia | [45] |
February 2007 | American Power Conversion | Power backup and protection and electrical distribution | USA | [20][21] |
July 2009 | Meher Capacitors | Power factor correction | India | [46] |
March 2010 | Zicom Security Systems | Security systems | India | [47] |
April 2010 | SCADAgroup | SCADA and control systems | Australia | [48] |
December 2010 | Areva T&D | Transmission & distribution | Europe | [49] |
March 2011 | Summit Energy | Energy management | USA | [50] |
April 2011 | Digilink | Network connectivity products | India | [51] |
May 2011 | APW President Systems | Enclosure systems | India | [52] |
May 2011 | Luminous | Power inverters | India | [53] |
June 2011 | Telvent | Real-time information management systems | Spain | [54] |
December 2011 | Viridity | Data center management software | USA | [55] |
September 2012 | SolveIT Software | Planning and scheduling software | Australia | [56] |
January 2014 | Invensys | Multinational engineering and information technology company | UK | [57] |
January 2014 | Foxboro | Control systems | USA | [58] |
July 2017 | ASCO | Transfer switches, power control systems, and industrial control products | USA | [59] |
September 2017 (60% controlling stake) | Aveva Group | Information-technology/consulting group | UK | [60] |
January 2023 (remaining shares) | [61] | |||
November 2020 | ETAP | Electrical power systems software | USA | [62] |
2020 | RIB Software | AEC software | USA | [63] |
2020 | OSISoft | Industrial data software | USA | [64] |
2020 | Larsen & Toubro E&A | Electrical and automation technology | India | [65] |
January 2022 | Zeigo | Climate-tech platform | UK | [66] |
June 2022 | EV Connect | Electric vehicle charging platform | USA | [67] |
2022 | EnergySage | Marketplace for solar panels | USA | [68] |
2022 | AutoGrid | Distributed energy resource management | USA | [69] |
See also
References
External links
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