Schneider Electric

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

Schneider Electric SE

Schneider Electric head office in Paris
Company type	Public
Traded as	Euronext Paris: SU CAC 40 component
Industry	Electrical equipment
Predecessor	Merlin-Gerin
Founded	1836; 188 years ago (1836) (as Schneider & Cie)
Founders	Eugène Schneider Adolphe Schneider
Headquarters	Rueil-Malmaison, France
Area served	Worldwide
Key people	Peter Herweck (CEO) Jean-Pascal Tricoire (chairman) Léo Apotheker (director)
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	€35.9 billion[1] (2023)
Operating income	€5.93 billion[1] (2023)
Net income	€4.00 billion[1] (2023)
Total assets	€58.899 billion[1] (2023)
Total equity	€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
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

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

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 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]

• 
  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

• France portal
• Companies portal

• Creusot steam hammer

References

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

External links

• Official website
• Schneider Electric global blog
• Schneider Electric eShop India