# 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.

- Type: Acquisition
- Announced: 2020-08-31
- Where: India, India
- Value: $1.90B (140.0B INR)
- Jobs: 5,000
- Status: completed
- Products: low voltage products, industrial automation products
- 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)
- [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) (investor)

## Sources

- [se.com](https://www.se.com/ww/en/about-us/newsroom/news/press-releases/schneider-electric-completes-transaction-to-combine-its-low-voltage-and-industrial-automation-business-in-india-with-larsen-toubro%E2%80%99s-electrical-automation-business-5f4cb3890f095a7696599492/), 2020-08-31: "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"
- [livemint.com](https://www.livemint.com/companies/news/l-t-sells-its-electrical-and-automation-business-to-schneider-electric-for-rs-14-000-crore-11598877278444.html), 2020-08-31: "The closure of divestment of the E&A business is a key milestone in our stated long-term strategy."
- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/lt-completes-sale-of-electrical-unit-to-schneider/article32488796.ece), 2020-08-31: "The challenge was to carve out a business of this scale, with minimum disruption to the sprawling customer base and do it all amid the constraints of a pandemic."
- [abnewswire.com](https://www.abnewswire.com/pressreleases/lt-sells-its-electrical-and-automation-business-to-schneider-electric-for-14000-crore_505628.html), 2020-09-06: "The closure of divestment of the E&A business is a key milestone in our stated long-term strategy."
- [business-standard.com](https://www.business-standard.com/article/companies/l-t-deal-will-help-us-make-in-india-for-the-world-schneider-india-chief-120091101127_1.html), 2020-09-11: "The combined business will actively contribute to make the country green and digital."
- [tndindia.com](https://www.tndindia.com/schneider-electric-sees-lt-eas-acquisition-as-a-big-strength/), 2021-10-14: "We see this as a big strength for Schneider Electric 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.