# Schneider Electric to acquire AutoGrid

AutoGrid announced it has signed a definitive agreement to be acquired by Schneider Electric. The transaction is subject to regulatory approval and expected to close in the coming months.

- Type: Acquisition
- Announced: 2022-05-27
- Where: United States
- Status: announced
- Products: AI-based DER optimization software, flexibility management suite
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Schneider Electric](https://endata.com/companies/2048.md) (acquirer)
- [AutoGrid](https://endata.com/companies/63112.md) (target)
- [EV Connect](https://endata.com/companies/63606.md) (target)

## Sources

- [actuia.com](https://www.actuia.com/en/news/energy-transition-autogrid-announces-its-acquisition-by-schneider-electric/), 2022-05-27: "AutoGrid, a pioneer in AI-based optimization for distributed energy resources (DER) with a mission to accelerate access to clean, reliable and affordable energy, announced that it has signed a definitive agreement to be acquired by Schneider Electric."
- [automotive-fleet.com](https://www.automotive-fleet.com/news/schneider-electric-acquires-ev-connect), 2022-06-21: "We are thrilled to partner with Schneider Electric."
- [esgtoday.com](https://www.esgtoday.com/schneider-electric-acquires-ev-charging-platform-ev-connect/), 2022-06-22: "We look forward to working together to accelerate the EV revolution."

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