# Schneider Electric and Eaton frontrunners to buy L&T's electrical business

Schneider Electric SE and Eaton Corp have emerged as top contenders to acquire Larsen & Toubro's electric and automation division for Rs 15,000-17,000 crore. Binding offers are expected by next month.

- Type: Acquisition
- Announced: 2017-08-24
- Where: India
- Value: $2.65B (170.0B INR)
- Status: rumored
- Products: electrical and 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)
- [Eaton](https://endata.com/companies/2829.md) (acquirer)

## Sources

- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/news/schneider-eaton-frontrunners-to-buy-lts-electrical-business/), 2017-08-24: "Schneider is the more aggressive of the two and have given an indicative offer of Rs 17,000 crore."

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