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Schneider Electric

French multinational digital automation and energy management company From Wikipedia, the free encyclopedia

Schneider Electric

Schneider Electric SE is a French multinational corporation that specializes in digital automation and energy management.[4][5]

Quick Facts Company type, Traded as ...
Schneider Electric SE
Company typePublic
IndustryElectrical equipment
PredecessorMerlin-Gerin
Schneider-Creusot 
Founded1836; 189 years ago (1836)
(as Schneider & Cie)
Founders
HeadquartersRueil-Malmaison, France
Area served
Worldwide
Key people
ProductsBuilding 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 €38.15 billion (2024)[1]
€6.44 billion (2024)[1]
€4.43 billion (2024)[1]
Total assets €65.94 billion (2024)[1]
Total equity €31.28 billion (2024)[1]
Number of employees
153,121 (2023)[2]
SubsidiariesLuminous Power Technologies Pvt Ltd., invensys, SolveIT Software, APC, Areva T&D, BEI Technologies, Cimac, Citect, Clipsal, ELAU, Federal Pioneer, Merlin Gerin, Merten, Modicon PLC, Lauritz Knudsen, Nu-Lec Industries, PDL Group, Power Measurement, Square D, TAC, Telemecanique, Telvent, Zicom, Summit, Xantrex
Websitewww.se.com
Footnotes / references
[3]
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Registered as a Societas Europaea, 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.[6] In fiscal year 2024, the company posted revenues of €38.15 billion.[1]

Schneider Electric is the parent company of Square D, APC, AVEVA and others. It is also a research company.[7]

History

Summarize
Perspective

1836–1963

Main article: Schneider-Creusot

In 1836, brothers Adolphe and Joseph-Eugene Schneider took over an iron foundry in Le Creusot, France.[8] 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.[9][10] In 1871, following France's defeat in the Franco-Prussian War, the company significantly developed its capacity for weapons manufacturing.[11] 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.[11][12]

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.[13][14] In 1981, the Empain family sold its controlling stake to Paribas.[14] 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.[10][15] These acquisitions included Télémécanique in 1988,[10] Square D in 1991,[16] and Merlin Gerin [fr] in 1992.[17]

1999–present

In January 1999, Schneider acquired the Scandinavian switch-maker Lexel.[18][19] Later that year, the company renamed itself Schneider Electric, to reflect its focus on the electricity sector.[18] 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.[20]

In October 2006, Schneider Electric announced that it would acquire the data center equipment manufacturer American Power Conversion for $6.1 billion.[21][22] The following February, the move was finalized following its approval by the European Commission.[23] 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.[24][25]

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.[26][27] The next year, it acquired the Indian multinational Larsen & Toubro's electrical and automatic business in a cash deal for ₹140 billion (US$1.6 billion).[28]

In February 2020, Schneider made a €1.4 billion takeover bid for German company RIB Software,[29] closing the deal in July 2020.[30] Also in 2020, Schneider Electric acquired ProLeiT AG, a supplier of industrial control and MES software.[31]

In January 2023, Schneider Electric's acquisition of Aveva was finalized.[32]

In November 2023, Schneider Electric finalized its acquisition of EcoAct, a company devoted to climate consulting and net-zero solutions.[33][34][35]

After 18 months in office, CEO Peter Herweck was removed by the board of directors and replaced with Olivier Blum in early November 2024.[36]

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    1838: "La Gironde", the first French locomotive
  • Thumb
    The Schneider logo in the 1950s
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    One of the first brochures for Telemecanique industrial control products. Telemecanique was acquired by Schneider Electric in 1988.

Notable acquisitions

More information Acquisition date, Company ...
Acquisition date Company Business Country Source
1988 Télémécanique Manufacturer of electrical circuit breakers, switchgear, and sensors France [10]
1991 Square D Manufacturer of electrical circuit breakers, switchgear, and transformers USA [16]
1992 Merlin Gerin Manufacturer of electrical circuit breakers and transformers France [37][38]
1997 Modicon Manufacturer of programmable logic controllers (PLC) USA [39]
2001 PDL Domestic and industrial electrical hardware New Zealand [40][41]
June 2003 TAC Building automation and control Sweden [42]
March 2004 Kavlico Pressure sensors USA [43]
2004 Clipsal Wiring Australia [44]
June 2005 Juno Lighting Lighting USA [45]
July 2005 BEI Technologies Customized sensors USA [45]
2006 Merten Ultra terminal Germany [46]
2006 Citect SCADA system and MES automation software Australia [47]
February 2007 American Power Conversion Power backup and protection and electrical distribution USA [21][22]
July 2009 Meher Capacitors Power factor correction India [48]
March 2010 Zicom Security Systems Security systems India [49]
April 2010 SCADAgroup SCADA and control systems Australia [50]
December 2010 Areva T&D Transmission & distribution Europe [51]
March 2011 Summit Energy Energy management USA [52]
April 2011 Digilink Network connectivity products India [53]
May 2011 APW President Systems Enclosure systems India [54]
May 2011 Luminous Power inverters India [55]
June 2011 Telvent Real-time information management systems Spain [56]
December 2011 Viridity Data center management software USA [57]
September 2012 SolveIT Software Planning and scheduling software Australia [58]
January 2014 Invensys Multinational engineering and information technology company UK [59]
January 2014 Foxboro Control systems USA [60]
July 2017 ASCO Transfer switches, power control systems, and industrial control products USA [61]
September 2017 (60% controlling stake) Aveva Group Information-technology/consulting group UK [62]
January 2023 (remaining shares) [63]
November 2020 ETAP Electrical power systems software USA [64]
2020 RIB Software AEC software USA [65]
2020 OSISoft Industrial data software USA [66]
2020 Lauritz Knudsen E&A (Larsen & Toubro E&A) Electrical and automation technology India [67]
January 2022 Zeigo Climate-tech platform UK [68]
June 2022 EV Connect Electric vehicle charging platform USA [69]
2022 EnergySage Marketplace for solar panels USA [70]
2022 AutoGrid Distributed energy resource management USA [71]
November 2023 EcoAct Climate consultancy and Nature-Based Solutions France [72]
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See also

References

External links

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