# 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.

- Type: Acquisition
- Announced: 2018-04-30
- Where: India
- Value: $2.10B (140.0B INR)
- Status: announced
- Products: low voltage products, industrial automation products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Larsen & Toubro](https://endata.com/companies/263.md) (target)
- [Schneider Electric](https://endata.com/companies/2048.md) (acquirer)
- [Temasek Holdings](https://endata.com/companies/18585.md) (investor)

## Sources

- [indiancementreview.com](https://indiancementreview.com/2018/04/schneider-to-buy-lts-ea-biz-2/), 2018-04-30: "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"
- [bloomberg.com](https://www.bloomberg.com/news/articles/2018-04-30/l-t-is-said-to-agree-to-sell-unit-to-schneider-for-2-1-billion), 2018-04-30: "Larsen & Toubro Ltd., India’s largest engineering and construction company, has agreed to sell its electrical unit to a consortium led by Schneider Electric SE."
- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/schneider-to-buy-lt-unit-for-rs-14000-crore/articleshow/63993636.cms), 2018-05-02: "By bringing together the Low Voltage and Industrial Automation Products Business of Schneider Electric India and L&T E&A, we are creating an innovative company in Energy Management and Industrial Automation."
- [tndindia.com](https://www.tndindia.com/schneider-electric-reaches-agreement-acquire-lt-electrical-automation/), 2018-05-02: "Schneider Electric will combine L&T-E&A with its own low voltage and industrial automation products business in India."
- [abnewswire.com](https://www.abnewswire.com/pressreleases/schneider-electric-together-with-firm-temasek-holdings-had-announced-an-allcash-buyout-of-lts-electrical-and-automation-business_429412.html), 2019-09-18: "Schneider Electric expects to complete the Rs 14,000 crore acquisition of Larsen & Toubro's electrical and automation business by early 2020."

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