# Schneider Electric acquires L&T's electrical and automation business in India

The Competition Commission of India granted conditional approval for Schneider Electric India to acquire L&T's electrical and automation business via slump sale, and for MacRitchie Investments to acquire 35% shareholding in Schneider Electric India.

- Type: Acquisition
- Announced: 2019-06-07
- Where: India
- Status: announced
- Products: low voltage switchgear
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Larsen & Toubro](https://endata.com/companies/263.md) (target)
- [Schneider Electric India Private Limited](https://endata.com/companies/35632.md) (acquirer)
- [MacRitchie Investments Pte. Ltd.](https://endata.com/companies/38844.md) (investor)

## Sources

- [lexology.com](https://www.lexology.com/library/detail.aspx?g=4af18d6b-00ba-43ae-8eb2-3693556b7e94), 2019-06-07: "The Competition Commission of India (CCI) recently published its order granting a conditional approval to the combination between Larsen & Toubro Limited (L&T), Schneider Electric India Private Limited (SEIPL) and MacRitchie Investments Pte. Ltd."
- [lexology.com](https://www.lexology.com/library/detail.aspx?g=0df06b8d-a4b8-4aa9-a2b7-066b3bfb7d29), 2019-06-07: "The Proposed Combination is a consolidation of 2 closest competitors in the low voltage switchgear industry in India."

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