# 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.

- Type: Acquisition
- Announced: 2018-06-29
- Where: India
- Value: $2.00B (140.0B INR)
- Status: announced
- Products: low voltage and 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

- [equipmentimes.com](https://www.equipmentimes.com/channel/Switchgear/news/news_1025.html), 2018-06-29: "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."

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