# Schneider Electric acquires 30% stake in Uplight

Schneider Electric acquired a strategic 30 percent stake in Uplight, Inc., a technology partner for energy providers. The transaction values Uplight at approximately $1.5 billion.

- Type: Acquisition
- Announced: 2021-03-03
- Where: United States
- Value: $450.0M
- Status: completed
- Products: energy management software and services
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Schneider Electric](https://endata.com/companies/2048.md) (acquirer)
- [Uplight](https://endata.com/companies/53611.md) (target)

## Sources

- [debevoise.com](https://www.debevoise.com/news/2021/03/debevoise-advises-schneider-electri), 2021-03-03: "Schneider Electric ... in its acquisition of a strategic 30 percent stake in Uplight, Inc."

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