# Schneider Electric acquires Australian power asset manager Aurtra

Schneider Electric has acquired Aurtra, an Australian provider of asset management solutions for oil transformers, to strengthen its digital electrical distribution services.

- Type: Acquisition
- Announced: 2022-03-14
- Where: Brisbane, Australia, Australia
- Status: completed
- Products: power asset management software, sensors for oil transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Schneider Electric](https://endata.com/companies/2048.md) (acquirer)
- [Aurtra](https://endata.com/companies/61582.md) (target)

## Sources

- [arnnet.com.au](https://www.arnnet.com.au/article/1258523/schneider-electric-extends-electrical-distribution-reach-with-aurtra-acquisition.html), 2022-03-14: "Schneider Electric has made major play into Australia’s energy industry through the acquisition of asset management provider Aurtra."
- [news.uq.edu.au](https://news.uq.edu.au/2022-04-05-french-multinational-acquires-uq-startup-established-monitor-power-networks), 2022-04-05: "A Brisbane startup company founded on University of Queensland technology to monitor the health of electricity network transformers has been acquired by French multinational Schneider Electric in a multi-million-dollar deal."

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