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Schneider Electric acquires Larsen and Toubro’s electrical and automation business

May 3, 2018
Companies
Posted by Staff

Schneider Electric has announced the signing of an agreement with Larsen and Toubro Ltd. (L&T), a leading conglomerate in India to buy its Electrical and Automation business (L&T E&A) and combine it with Schneider Electric India’s Low voltage and Industrial Automation Products business.

L&T E&A  offers low and medium voltage switchgear, electrical systems & equipment, energy management, metering and industrial automation solutions. It benefits from an extensive ecosystem of partners covering more than 260 cities in India. It has an efficient local manufacturing footprint with 5 manufacturing locations in India along with robust local R&D capabilities. L&T E&A has over 5,000 employees, excluding Marine Switchgear and Servowatch Systems.

Temasek, an investment company headquartered in Singapore, will invest in the combined business and will hold 35% of it.

Source: Schneider Electric

Photo: Hugo Cacaud /Picture of the WTC of Grenoble / Wikipedia / CC BY-SA 3.0

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