Aug 31, 2020ACQUISITIONIndia, India Schneider Electric completes combination with L&T's Electrical & Automation business in India
Schneider Electric completed the transaction to combine its Low Voltage and Industrial Automation business in India with Larsen & Toubro's Electrical & Automation business. The combined entity, Schneider Electric India Private Limited, is 65% owned by Schneider Electric and 35% by Temasek. Anil Chaudhry is appointed CEO.
Productslow voltage productsindustrial automation products
“Schneider Electric – the global leader in digital transformation of energy management and automation, today shared, following the earlier announcement in 2018, the success of completion of the transaction combining Larsen & Toubro’s Electrical & Automation business and Schneider Electric India’s Low”se.com
- 6 sources
- se.comSchneider Electric completes transaction to combine its Low Voltage and Industrial Automation business in India with Larsen & Toubro’s Electrical & Automation businessSchneider Electric completes transaction to combine its Low Voltage and Industrial Automation business in India with Larsen & Toubro’s Electrical & Automation businessAug 31, 2020
- livemint.comL&T sells its electrical and automation business to Schneider Electric for ₹14,000 croreTanya ThomasAug 31, 2020
- thehindubusinessline.comL&T completes sale of electrical unit to Schneider - The HinduBusinessLineOur BureauAug 31, 2020
- abnewswire.comL&T sells its electrical and automation business to Schneider Electric for ₹14,000 crore | ABNewswire
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