# Schneider Electric signs merger agreement to acquire remaining stake in IGE+XAO

Schneider Electric Industries SAS signed a merger agreement to acquire the remaining 16.07% stake in IGE+XAO SA for €50.7 million.

- Type: Acquisition
- Announced: 2022-02-16
- Where: France
- Value: $57.5M (50.7M EUR)
- Status: announced
- Products: electrical design software
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Schneider Electric](https://endata.com/companies/2048.md) (acquirer)
- [IGE + XAO](https://endata.com/companies/27941.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/IGE-XAO-4999/news/Schneider-Electric-Industries-SAS-signed-a-merger-agreement-to-acquire-remaining-16-07-stake-in-IGE-39542122/), 2022-02-16: "Schneider Electric Industries SAS signed a merger agreement to acquire remaining 16.07% stake in IGE+XAO SA for €50.7 million."

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