# Schneider Electric finalizes acquisition of ASCO Power Technologies

Schneider Electric announced it has finalized the acquisition of ASCO Power Technologies, a leader in Automatic Transfer Switches, enhancing its EcoStruxure Power Platform.

- Type: Acquisition
- Announced: 2017-10-31
- Where: India
- Value: $2.31B
- Status: completed
- Products: Automatic Transfer Switches
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.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) (acquirer)
- [Temasek Holdings](https://endata.com/companies/18585.md) (investor)
- [ASCO Power Technologies](https://endata.com/companies/25897.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/SCHNEIDER-ELECTRIC-SE-4699/news/Schneider-Electric-finalizes-its-acquisition-of-ASCO-Power-Technologies-25408305/), 2017-10-31: "Following the press release of July 27, 2017, Schneider Electric announces today that it has finalized the acquisition of Asco Power Technologies."
- [livemint.com](https://www.livemint.com/Companies/M73TOvn3zQeILkI0W5rnWJ/Schneider-emerges-as-top-bidder-for-LTs-electrical-unit.html), 2017-10-31: "Schneider Electric SE, a French multinational specializing in energy management and automation, has emerged as the top bidder to acquire engineering company Larsen and Toubro Ltd’s electric and automation division."
- [uberant.com](https://uberant.com/article/364868-schneider-temasek-leads-race-to-buy-lts-electrical-biz-for-rs-17000-crore-/), 2017-11-08: "Schneider Electric SE, the French industrial multinational along with it’s consortium partner Temasek, has entered final rounds of negotiations with Larsen and Toubro to acquire its electric and automation division for Rs 15,000 – Rs 17,000 crore."

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