# Schneider Electric's acquisition of L&T's Electrical and Automation business approved by CCI

The Competition Commission of India approved the Rs. 14,000 crore acquisition of Larsen & Toubro's Electrical and Automation business by Schneider Electric India and MacRitchie Investments (Temasek), subject to modifications.

- Type: Acquisition
- Announced: 2019-04-18
- Where: India
- Value: $2.00B (140.0B INR)
- Status: announced
- Products: Electrical and Automation business
- 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)
- [Temasek Holdings](https://endata.com/companies/18585.md) (investor)
- [Schneider Electric India Private Limited](https://endata.com/companies/35632.md) (acquirer)
- [MacRitchie Investments Pte. Ltd.](https://endata.com/companies/38844.md) (acquirer)

## Sources

- [legaleraonline.com](https://www.legaleraonline.com/deal-street/schneider-electrics-acquisition-of-larsen-toubros-electrical-and-automation-business-approved-by-cci-subject-to-modifications), 2019-04-19: "The proposed Rs. 14,000 crore acquisition of Larsen & Toubro Limited’s Electrical and Automation business by Schneider Electric India Private Limited and MacRitchie Investments Pte. Ltd. has been approved by the Competition Commission of India."
- [azbpartners.com](https://www.azbpartners.com/bank/cci-approves-the-acquisition-of-larsen-turbos-electrical-and-automation-business-by-schneider-electric-india-private-limited-and-macritchie-investments-pte-limited-with-modifications/), 2019-07-05: "CCI approved the notice submitted by Schneider Electric India Private Limited and MacRitchie Investments Pte. Limited."

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