Schneider Electric
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![]() Schneider Electric head office in Paris | |
Company type | Public |
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Industry | Electrical equipment |
Predecessor | Merlin-Gerin ![]() |
Founded | 1836 (as Schneider & Cie) |
Founders | Square D, TAC, Telemecanique, Telvent, Zicom, Summit, Xantrex |
Website | www |
Footnotes / references [2] |
Schneider Electric SE is a French multinational corporation that specializes in digital automation and energy management.[3][4]
Schneider Electric is a Fortune Global 500 company, publicly traded on the Euronext Exchange, and is a component of the Euro Stoxx 50 stock market index.[5] In fiscal year 2023, the company posted revenues of €35.9 billion.[1]
Schneider Electric is the parent company of Square D, APC, and others. It is also a research company.[6]
History
[edit]1836–1963
[edit]In 1836, brothers Adolphe and Joseph-Eugene Schneider took over an iron foundry in Le Creusot, France.[7] Two years later, they founded Schneider-Creusot, the company that would eventually become Schneider Electric. Initially, Schneider-Creusot specialized in the production of steel, heavy machinery, and transportation equipment.[8][9] In 1871, following France's defeat in the Franco-Prussian War, the company significantly developed its capacity for weapons manufacturing.[10] Over the first half of the 20th century, Schneider-Creusot continued to grow, establishing manufacturing sites in France and abroad, including in pre-Soviet Russia and Czechoslovakia.[10][11]
1963–1999
[edit]In the 1960s, following the death of Charles Schneider, Schneider-Creusot was absorbed by Belgium's Empain group, which merged Schneider-Creusot with its corporate structures to form Empain-Schneider.[12][13] In 1981, the Empain family sold its controlling stake to Paribas.[13] In the 1980s and 1990s, the company, once again operating under the Schneider name, divested from steel and shipbuilding and, through strategic acquisitions, began to focus on the electricity sector.[9][14] These acquisitions included Télémécanique in 1988,[9] Square D in 1991,[15] and Merlin Gerin in 1992.[16]
1999–present
[edit]In January 1999, Schneider acquired the Scandinavian switch-maker Lexel.[17][18] Later that year, the company renamed itself Schneider Electric, to reflect its focus on the electricity sector.[17] In 2000, Schneider Electric acquired the French controls-maker Crouzet Automatismes from Thomson-CSF and the Swiss motion control specialist SIG Positec from SIG Group.[19]
In October 2006, Schneider Electric announced that it would acquire the data center equipment manufacturer American Power Conversion for $6.1 billion.[20][21] The following February, the move was finalized following its approval by the European Commission.[22] In June 2010, Schneider and the rolling stock manufacturer Alstom jointly purchased Areva's transmission and distribution businesses in a transaction totaling $2.73 billion.[23][24]
In 2016, Schneider acquired Tower Electric, a British company that manufactured fixings and fastenings for construction and electrical firms.[citation needed] In 2017, Schneider Electric became the majority shareholder of Aveva, a provider of engineering and industrial software based in the UK.[25][26] The next year, it acquired the Indian multinational Larsen & Toubro's electrical and automatic business in a cash deal for ₹140 billion (US$1.7 billion).[27]
In February 2020, Schneider made a €1.4 billion takeover bid for German company RIB Software,[28] closing the deal in July 2020.[29] Also in 2020, Schneider Electric acquired ProLeiT AG, a supplier of industrial control and MES software.[30]
In January 2023, Schneider Electric's acquisition of Aveva was finalized.[31]
In November 2023, Schneider Electric finalized its acquisition of EcoAct, a company devoted to climate consulting and net-zero solutions.[32][33][34]
-
1838: "La Gironde", the first French locomotive
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The Schneider logo in the 1950s
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One of the first brochures for Telemecanique industrial control products. Telemecanique was acquired by Schneider Electric in 1988.
Notable acquisitions
[edit]Acquisition date | Company | Business | Country | Source |
---|---|---|---|---|
1988 | Télémécanique | Manufacturer of electrical circuit breakers, switchgear, and sensors | France | [9] |
1991 | Square D | Manufacturer of electrical circuit breakers, switchgear, and transformers | USA | [15] |
1992 | Merlin Gerin | Manufacturer of electrical circuit breakers and transformers | France | [35][36] |
1997 | Modicon | Manufacturer of programmable logic controllers (PLC) | USA | [37] |
2001 | PDL | Domestic and industrial electrical hardware | New Zealand | [38][39] |
June 2003 | TAC | Building automation and control | Sweden | [40] |
March 2004 | Kavlico | Pressure sensors | USA | [41] |
2004 | Clipsal | Wiring | Australia | [42] |
June 2005 | Juno Lighting | Lighting | USA | [43] |
July 2005 | BEI Technologies | Customized sensors | USA | [43] |
2006 | Merten | Ultra terminal | Germany | [44] |
2006 | Citect | SCADA system and MES automation software | Australia | [45] |
February 2007 | American Power Conversion | Power backup and protection and electrical distribution | USA | [20][21] |
July 2009 | Meher Capacitors | Power factor correction | India | [46] |
March 2010 | Zicom Security Systems | Security systems | India | [47] |
April 2010 | SCADAgroup | SCADA and control systems | Australia | [48] |
December 2010 | Areva T&D | Transmission & distribution | Europe | [49] |
March 2011 | Summit Energy | Energy management | USA | [50] |
April 2011 | Digilink | Network connectivity products | India | [51] |
May 2011 | APW President Systems | Enclosure systems | India | [52] |
May 2011 | Luminous | Power inverters | India | [53] |
June 2011 | Telvent | Real-time information management systems | Spain | [54] |
December 2011 | Viridity | Data center management software | USA | [55] |
September 2012 | SolveIT Software | Planning and scheduling software | Australia | [56] |
January 2014 | Invensys | Multinational engineering and information technology company | UK | [57] |
January 2014 | Foxboro | Control systems | USA | [58] |
July 2017 | ASCO | Transfer switches, power control systems, and industrial control products | USA | [59] |
September 2017 (60% controlling stake) | Aveva Group | Information-technology/consulting group | UK | [60] |
January 2023 (remaining shares) | [61] | |||
November 2020 | ETAP | Electrical power systems software | USA | [62] |
2020 | RIB Software | AEC software | USA | [63] |
2020 | OSISoft | Industrial data software | USA | [64] |
2020 | Larsen & Toubro E&A | Electrical and automation technology | India | [65] |
January 2022 | Zeigo | Climate-tech platform | UK | [66] |
June 2022 | EV Connect | Electric vehicle charging platform | USA | [67] |
2022 | EnergySage | Marketplace for solar panels | USA | [68] |
2022 | AutoGrid | Distributed energy resource management | USA | [69] |
See also
[edit]References
[edit]- ^ a b c d e f g "2023 Universal Registration Document. Financial and Sustainable Development Report for the Year Ended December 31, 2023" (PDF). Schneider Electric.
- ^ "Schneider Electric Annual Report 2018" (PDF). Schneider Electric. Retrieved January 19, 2019.
- ^ "Green economy bolstered as Schneider Electric opens 2500 green jobs worldwide". Financial Post. 2022-05-30. Retrieved 2022-05-30.
- ^ "Electrification and digitisation 'are the recipe for a more sustainable world'". Energy Live News. 2019-10-03. Retrieved 2020-05-07.
- ^ "1-EURO STOXX 50® (SX5E) (EU0009658145)". Qontigo.
- ^ "Schneider Unveils Schneider Electric Ventures at its Innovation Summit". www.iotworldtoday.com. Retrieved 2019-03-15.
- ^ "Arms and the Men". Fortune. Reprinted by The Harvard Crimson. 18 May 1934. Retrieved 11 February 2023.
- ^ Quigley, Carroll (1966). Tragedy And Hope. New York: Macmillan. p. 518. ISBN 0-945001-10-X.
- ^ a b c d Nicholson, Chris V. (April 13, 2011). "Tyco Deal Could Be Costly for Schneider". The New York Times. Retrieved December 1, 2022.
- ^ a b Nye, Gerald P. (1934). A primer on Europe's armament makers who prolong war and disturb peace (PDF). U.S. Government Printing Offices. pp. 7–9.
- ^ Grant, Jonathan A. (2018). "The Schneider–Škoda Alliance, 1919–1930". Between Depression and Disarmament. Cambridge University Press. pp. 24–51. doi:10.1017/9781108552721.002. ISBN 9781108448505.
- ^ Mooney, Richard E. (April 19, 1966). "Business Empire Set Up in France". The New York Times. Retrieved December 1, 2022.
- ^ a b Renard, Francoise (February 28, 1981). "Le groupe Paribas prend le contrôle de l'empire Empain-Schneider La fin de l'intermède belge". Retrieved December 1, 2022.
- ^ Georgieva, Sonia; Lungarova, Tsvetina (2019). "Effects of Corporate Social Responsibility and Traditions in Innovations on the Activity of an International Company – the Case of "Schneider Electric"" (PDF). Economic Alternatives (2): 227–234. Retrieved December 1, 2022.
- ^ a b Ramirez, Anthony (1991-05-13). "Square D Agrees to Takeover". The New York Times. ISSN 0362-4331. Retrieved 2019-03-15.
- ^ "Schneider Electric Focuses on Strategy to Strengthen Merlin Gerin, Square D and Telemecanique Brands". Automation.com. Retrieved 2019-03-15.
- ^ a b "The world's longest-running electrical equipment companies". Power Technology. May 28, 2015.
- ^ Fleming, Charles (January 12, 1999). "France's Schneider to Pay $1.06 Billion For Scandinavian Switch Maker Lexel". The Wall Street Journal. Retrieved December 1, 2022.
- ^ "Schneider buys Crouzet and Positec to target OEMs". Drive & Controls. 2000-10-01. Retrieved 2024-03-30.
- ^ a b Walsh, Lawrence M. (October 30, 2006). "Viva Le Power: Schneider Buys APC". CRN. Retrieved December 1, 2022.
- ^ a b Miller, Rich (October 30, 2006). "Schneider Buys APC for $6.1 Billion". Data Center Knowledge. Retrieved December 1, 2022.
- ^ Moltzen, Edward F.. (February 14, 2007). "Schneider Electric Wraps Up APC Acquisition". CRN. Retrieved December 1, 2022.
- ^ "Areva T&D board approves name change". The Economic Times. December 26, 2011. Retrieved December 1, 2022.
- ^ "Alstom and Schneider Electric Close on Areva T&D Acquisition". Power Technology. June 9, 2010. Retrieved December 1, 2022.
- ^ Dummett, Ben; Kostov, Nick (2017-09-05). "Schneider Electric Swoops for U.K. Software Firm Aveva". The Wall Street Journal. ISSN 0099-9660. Retrieved 2019-03-15.
- ^ "France's Schneider to buy rest of Aveva in $11 billion deal". Reuters. September 21, 2022. Retrieved December 1, 2022.
- ^ "Schneider's L&T Acquisition to Power 'Make In India' Mission | Storify News". 2019-06-17. Retrieved 2019-09-24.
- ^ "Schneider Electric makes €1.4bn bid for German construction IT company". Global Construction Review. 14 February 2020. Retrieved 30 July 2021.
- ^ "Schneider Electric a finalisé le rachat de RIB Software". Les Echos Investir. 10 July 2020. Retrieved 30 July 2021.
- ^ "Schneider Electric SE:'s Acquisition of ProLeiT AG: Marketscreener". 8 May 2020.
- ^ "Schneider Electric: acquisition d'Aveva finalisée". Boursorama. 18 January 2023. Retrieved 14 February 2023.
- ^ "Conseil environnemental : Schneider Electric a finalisé l'acquisition d'EcoAct". Environment Magazine. Retrieved 3 November 2023.
- ^ "Schneider Electric finalise l'acquisition d'EcoAct, spécialiste de la data sur l'environnement". La Revue du Digital. Retrieved 3 November 2023.
- ^ "Conseil climatique: Schneider Electric finalise l'acquisition d'EcoAct". Connaissance des Energies. Retrieved 3 November 2023.
- ^ Bourbon, Jean-Claude (July 9, 2020). "Schneider takes another step into digital". La Croix. Retrieved February 15, 2023.
- ^ Lepetit, Bérangère (March 30, 2019). "Schneider Electric's "private and free" school has been training since 1930". Le Parisien. Retrieved February 15, 2023.
- ^ Peterson, David (March 2, 2022). "The Origin Story of the PLC". Control Automation. Retrieved February 15, 2023.
- ^ "Schneider completes PDL takeover". The New Zealand Herald. 22 June 2001. Retrieved 10 April 2014.
- ^ "Company". Schneider-Electric. Retrieved 10 April 2014.
- ^ "EQT divests TAC to Schneider Electric". EQT. June 12, 2003. Retrieved February 15, 2023.
- ^ "Schneider buys Kavlico and takes a stake in Elau - Drives and Controls Magazine". drivesncontrols.com. Retrieved 2020-07-02.
- ^ Menon, Ravi (January 20, 2013). "Schneider to widen Clipsal reach". Business Standard. Retrieved February 15, 2023.
- ^ a b John, Peter (July 22, 2005). "Schneider buys BEI Technologies for $562m". Financial Times. Retrieved February 15, 2023.
- ^ "Schneider Electric gets GET in the UK". Drives & Controls. September 1, 2006. Retrieved February 15, 2023.
- ^ "Citect CEO Excited to be There". Automation World. August 1, 2006. Retrieved February 15, 2023.
- ^ Singh, Seema (August 6, 2009). "Schneider acquires Meher Capacitors". LiveMint. Archived from the original on August 10, 2009. Retrieved February 15, 2023.
- ^ "Zicom to sell security units to Schneider for Rs 225 cr". The Times Of India. 6 March 2010. Retrieved 2015-03-08.
- ^ "Schneider buys Australia's SCADA group". 14 April 2010. Archived from the original on 2010-04-17. Retrieved 2012-03-23.
- ^ "Alstom and Schneider for Areva T&D". World-nuclear-news.org. 2009-12-01. Retrieved 2015-03-08.
- ^ Guevarra, Leslie (March 25, 2011). "Schneider's $268M Acquisition of Summit Energy Tightens EECA Market". GreenBiz. Retrieved February 15, 2023.
- ^ "Smartlink Network sells Digilink to Schneider for Rs 503 cr". The Times Of India. 1 April 2011. Retrieved 2015-03-08.
- ^ "Schneider Electric acquires 75 pc stake in APW President Systems". The Times Of India. Retrieved 2015-03-08.
- ^ "Schneider to acquire 74% stake in Luminous Power". The Hindu. 31 May 2011.
- ^ Abboud, Leila (June 1, 2011). "Schneider Electric to buy grid software group Telvent". Reuters. Retrieved February 15, 2023.
- ^ "Schneider snags Viridity to see how many watts servers suck". Gigaom. 2011-12-20. Retrieved 2015-03-08.
- ^ Crozier, Ry (September 3, 2012). "SolveIT bought by Schneider Electric". CRN. Retrieved February 15, 2023.
- ^ Schultz, Jordan M. (January 17, 2014). "Schneider Electric completes acquisition of Invensys". Control Engineering. Retrieved February 15, 2023.
- ^ Peterson, Jeff (April 22, 2020). "Schneider Electric consolidating operations at Foxboro campus; loss of more than 100 jobs". The Sun Chronicle. Retrieved February 15, 2023.
- ^ "Schneider Electric buys Asco, raises 2017 guidance". CNBC. 2017-07-27. Archived from the original on 2020-09-15. Retrieved 2017-11-07.
- ^ Tan, Huileng (2017-09-24). "Schneider Electric CEO: Aveva acquisition combines software and engineering strengths". CNBC. Retrieved 2017-09-25.
- ^ Hurst, Aaron (January 19, 2023). "Schneider Electric completes acquisition of AVEVA". Information age. Retrieved February 15, 2023.
- ^ Clarke, Susan (November 24, 2020). "Schneider Electric's Acquisition Of ETAP Highlights The Strengthening Market Conditions For Microgrid Deployments". Verdantix. Retrieved February 15, 2023.
- ^ Wilkinson, Paul (February 20, 2020). "Schneider Electric makes €1.4 bn bid for RIB Software". Extranet Evolution. Retrieved February 15, 2023.
- ^ Moore, Paul (August 25, 2020). "Schneider Electric-controlled AVEVA buying mining real-time data major OSIsoft". International Mining. Retrieved February 15, 2023.
- ^ Thomas, Tanya (August 31, 2020). "L&T sells its electrical and automation business to Schneider Electric for ₹14,000 crore". LiveMint. Retrieved February 15, 2023.
- ^ McManan-Smith, Tim (January 14, 2022). "Schneider Electric acquires Zeigo PPA platform". The Energyst. Retrieved February 3, 2023.
- ^ Kerencheva, Emanuela (June 22, 2022). "Schneider Electric Acquires EV Charging Platform EV Connect". ESG Today. Retrieved February 15, 2023.
- ^ Spector, Julian (February 18, 2022). "Schneider snaps up solar marketplace EnergySage, aims to electrify homes". Canary Media. Retrieved February 15, 2023.
- ^ Runyon, Jennifer (May 13, 2022). "Schneider Electric scoops up DERMS provider AutoGrid". Smart Energy International. Retrieved February 15, 2023.
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