# Schneider Electric to acquire IGE + XAO for EUR188.4 million

Schneider Electric signed a memorandum of understanding to buy software developer IGE + XAO for about EUR188.4 million ($218.3 million), at EUR132 per share.

- Type: Acquisition
- Announced: 2017-11-08
- Where: France
- Value: $218.3M (188.4M EUR)
- Status: announced
- Products: design and simulation software for electrical installations
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Schneider Electric](https://endata.com/companies/2048.md) (acquirer)
- [IGE + XAO](https://endata.com/companies/27941.md) (target)

## Sources

- [foxbusiness.com](https://www.foxbusiness.com/features/schneider-electric-to-acquire-ige-xao-for-eur188-4-million), 2017-11-08: "The proposed acquisition price of EUR132 a share represents a 15% premium to IGE + XAO's last closing price on Nov. 7."

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