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

Schneider Electric India Private Limited completed the acquisition of Larsen & Toubro's electrical and automation business on a slump sale basis for an all-cash consideration of Rs 14,000 crore, with Temasek taking a 35% stake in the company to fund the acquisition.

- Type: Acquisition
- Announced: 2020-08-31
- Where: India
- Value: $1.90B (140.0B INR)
- Status: completed
- Products: electrical equipment, automation solutions
- 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)

## Sources

- [crisil.com](https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/SchneiderElectricIndiaPrivateLimited_January%2007,%202021_RR.html), 2021-01-07: "SEIPL has brought in an investment partner, Temasek Holdings Ltd, Singapore, which has taken 35% stake in the company to fund the acquisition"

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