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Schneider Electric plans to invest Rs 425 crore in a new smart factory in Bengaluru that will consolidate 6 of its 10 existing local factories. The campus will expand to 10 lakh square feet and create over 1,000 jobs, with 80% of output exported.
South African valve and pump maker Paltech signed a distribution partnership with Schneider Electric, effective 1 May 2023, making it the sole OEM official distributor of Schneider automation instrumentation in Sub-Saharan Africa.
Schneider Electric agreed with AVEVA Group plc to combine its industrial software business with AVEVA, with Schneider taking 60% of the enlarged group; the share consideration is about GBP 1.7 billion plus GBP 550 million in cash.
