# Schneider Electric and Temasek acquire L&T's electrical and automation business for $2.1 bn

India's Competition Commission approved the acquisition of Larsen & Toubro's electrical and automation business by Schneider Electric and Temasek, with conditions including capacity reservation for third-party manufacturers and price freezes for five years.

- Type: Acquisition
- Announced: 2019-06-10
- Where: India
- Value: $2.10B
- Status: announced
- Products: low-voltage switchgear, electrical and automation products
- 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)

## Sources

- [vccircle.com](https://www.vccircle.com/cci-approves-schneider-temasek-s-acquisition-of-l-t-unit-adds-riders), 2019-06-10: "The third party competitors can take L&T products on a reasonable price for selling under their own brand, for a period of five years."

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