Apr 30, 2018ACQUISITIONIndia Schneider Electric consortium to buy L&T's electrical & automation business for ₹14,000 crore
Schneider Electric, in a consortium with Temasek Holdings, has entered into a definitive agreement to acquire Larsen & Toubro's electrical & automation business for ₹14,000 crore. Schneider will hold 65% and Temasek 35% in the acquiring entity.
Productslow voltage productsindustrial automation products
“Schneider Electric, the global leader in digital transformation of energy management and automation today announces the signing of an agreement with Larsen and Toubro Ltd (L&T) to buy its Electrical and Automation business”indiancementreview.com
- 5 sources
- indiancementreview.comSchneider to buy L&T's E&A bizApr 30, 2018
- bloomberg.comL&T Agrees to Sell Unit to Schneider for $2.1 Billion - BloombergGeorge Smith Alexander, Aaron Kirchfeld, Manuel BaigorriApr 30, 2018
- economictimes.indiatimes.comSchneider | L&T: Schneider to buy L&T unit for Rs 14,000 croreMay 2, 2018
- tndindia.comSchneider Electric reaches agreement to acquire L&T-Electrical & Automation - Your Gateway to Power Transmission & DistributionT&, D IndiaMay 2, 2018
- abnewswire.com
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