# Schneider Electric acquires nxtControl

Schneider Electric has acquired Austrian deep-tech company nxtControl, a specialist in automation software based on the IEC 61499 standard. The exit value is in the eight-digit euro range.

- Type: Acquisition
- Announced: 2017-07-04
- Where: Leobersdorf, Austria
- Status: announced
- Products: automation software, IEC 61499 compliant software
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Schneider Electric](https://endata.com/companies/2048.md) (acquirer)
- [nxtControl](https://endata.com/companies/17352.md) (target)

## Sources

- [brutkasten.com](https://brutkasten.com/artikel/nxtcontrol-exit), 2017-07-04: "Es war von Anfang an klar, dass der Exit irgendwann notwendig sein wird."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.