Schneider Electric consortium to buy L&T Electrical & Automation for INR 140 billion

Schneider Electric, in a consortium with Temasek Holdings, has agreed to acquire Larsen & Toubro's electrical and automation business for INR 140 billion in cash. Schneider will hold 65% and Temasek 35% in a newly formed entity.

“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 in one of the world’s largest and fastest-growing economies.”equipmentimes.com

• 1 source
• equipmentimes.comSchneider to buy L&T unit for Rs 14,000 crore - Equipmentimes.comJun 29, 2018

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