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Schneider Electric

From Alfawiki
Schneider Electric SE
Company typeSocietas Europaea
IndustryDigital automation, energy management
FoundedJanuary 1, 1836; 190 years ago (1836-01-01) in Le Creusot, France
FounderAdolphe Schneider, Joseph-Eugene Schneider
Headquarters
Rueil-Malmaison
,
France
Area served
Worldwide
Key people
Olivier Blum (CEO, since November 2024)
ProductsDigital automation solutions, energy management solutions
OwnerPublicly traded company (Euronext Paris)
Number of employees
(not specified)
Websitewww.se.com

Schneider Electric SE is a French-based multinational corporation that focuses on digital automation and energy management solutions.

Operating as a Societas Europaea, Schneider Electric is listed on Euronext and features among the Euro Stoxx 50 index constituents. It is also recognized as a Fortune Global 500 company. For the fiscal year 2024, the corporation reported revenues amounting to €38.15 billion.

The company oversees various brands, including Square D, APC, and AVEVA, and maintains significant investments in research and development activities.

1836–1963

In 1836, brothers Adolphe and Joseph-Eugene Schneider purchased an iron foundry located in Le Creusot, France, establishing Schneider-Creusot two years later. Initially, their operations centered on steel production, heavy machinery, and transportation equipment manufacturing. Following France's loss in the Franco-Prussian War of 1871, the company expanded into arms manufacturing. During the early 20th century, Schneider-Creusot broadened its international footprint by setting up manufacturing facilities in France and abroad, including locations in pre-Soviet Russia and Czechoslovakia.

1963–1999

After the passing of Charles Schneider in the 1960s, Schneider-Creusot was integrated into Belgium's Empain group, resulting in the formation of Empain-Schneider. The Empain family divested their controlling interest to Paribas in 1981. Throughout the 1980s and 1990s, the company shifted its focus away from steelmaking and shipbuilding towards electrical industries through strategic acquisitions such as Télémécanique (1988), Square D (1991), and (1992). In 1996, Schneider created the holding entity Schneider Electric (China) Investment Company Ltd to enhance its market presence in China.

1999–present

In January 1999, Schneider acquired Lexel, a Scandinavian switch manufacturer. That same year, it rebranded itself as Schneider Electric to reflect its commitment to electrical products and services. The year 2000 saw acquisitions including French control systems producer Crouzet Automatismes and Swiss motion control firm SIG Positec.

In October 2006, Schneider Electric declared a $6.1 billion acquisition of American Power Conversion (APC), a data center equipment manufacturer; this deal was completed in February 2007 following regulatory approval from the European Commission. In June 2010, Schneider partnered with Alstom to acquire Areva's transmission and distribution divisions for $2.73 billion.

The acquisition of Tower Electric—a UK manufacturer specializing in fixings and fastenings for construction and electrical markets—occurred in 2016. In 2017, Schneider became the majority stakeholder in Aveva, a UK-based engineering and industrial software company, finalizing full ownership in January 2023. The company further expanded in India by acquiring Larsen & Toubro’s electrical and automation business for ₹140 billion in 2018.

In 2020, Schneider launched a €1.4 billion takeover bid for German construction IT firm RIB Software, completing the transaction by July. That year also included the acquisition of ProLeiT AG, an industrial control and MES software provider.

November 2023 marked the completion of Schneider’s acquisition of EcoAct, a firm specializing in climate consultancy and net-zero strategies.

After serving as CEO for eighteen months, Peter Herweck was succeeded by Olivier Blum in November 2024. The following month, Schneider announced a collaboration with Nvidia to develop cooling systems for data centers.

Acquisitions

January 2014 Foxboro Company Control system technologies USA July 2017 ASCO Power Technologies Industrial control products, power control, transfer switches USA September 2017 (60% controlling interest) January 2023 (remaining shares acquired) November 2020 ETAP Software for electrical power systems USA 2020 RIB Software AEC industry software solutions USA 2020 OSISoft Industrial data management software USA 2020 Lauritz Knudsen E&A (Larsen & Toubro E&A) Electrical and automation technologies India January 2022 Zeigo Platform focused on climate technology UK June 2022 EV Connect Electric vehicle charging platform services USA 2022 EnergySage Marketplace for solar panels USA 2022 AutoGrid Management of distributed energy resources USA November 2023 EcoAct Consultancy in climate and nature-based solutions France October 2024 Motivair Advanced thermal management and liquid cooling solutions USA
Date of Acquisition Company Name Sector Location
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 Télémécanique Circuit breakers, sensors, and switchgear for electrical applications France
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 Square D Circuit breakers, transformers, and switchgear in the electrical field USA
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 Merlin Gerin Transformers and electrical circuit breakers France
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 Modicon Programmable logic controllers (PLC) USA
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 PDL Electrical hardware for residential and industrial use New Zealand
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 TAC Automation and control systems for buildings Sweden
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 Kavlico Pressure sensor manufacturing USA
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 Clipsal Electrical wiring products Australia
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 Juno Lighting Lighting product solutions USA
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 BEI Technologies Custom sensor technologies USA
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 Merten Advanced terminal systems Germany
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 Citect Automation software for SCADA and MES Australia
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 American Power Conversion Electrical distribution, power backup, and protection solutions USA
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 Meher Capacitors Equipment for power factor correction India
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 Zicom Security Systems Security technology systems India
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 SCADAgroup Control and SCADA system solutions Australia
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 Areva T&D Transmission and distribution infrastructure Europe
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 Summit Energy Energy management services USA
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 Digilink Network connectivity hardware India
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 APW President Systems Enclosure manufacturing systems India
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 Luminous Power inverter products India
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 Telvent Systems for real-time information management Spain
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 Viridity Software for data center management USA
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 SolveIT Software Software specializing in planning and scheduling Australia
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 Invensys IT and engineering services company UK
rowspan=2 style="text-align:left;" class="nowrap"| Aveva Group rowspan=2 style="text-align:left;" class="nowrap"| IT consulting and technology group rowspan=2 style="text-align:left;" class="nowrap"| UK


See also

External links

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