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Schneider Electric

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Schneider Electric SE is a French multinational corporation that specializes in digital automation and energy management.[3][4]

Schneider Electric SE
Company typePublic
IndustryElectrical equipment
PredecessorMerlin-Gerin Edit this on Wikidata
Founded1836; 188 years ago (1836)
(as Schneider & Cie)
Founders
HeadquartersRueil-Malmaison, France
Area served
Worldwide
Key people
ProductsBuilding automation, home automation, switches, and sockets, plant process and emergency shutdown systems, industrial control systems, electric power distribution, electrical grid automation, smart grid, critical power & cooling for datacenters
RevenueIncrease €35.9 billion (2023)[1]
Increase €5.93 billion (2023)[1]
Increase €4.00 billion (2023)[1]
Total assetsIncrease €58.899 billion (2023)[1]
Total equityIncrease €27.168 billion (2023)[1]
Number of employees
153,121 (2023)[1]
SubsidiariesLuminous Power Technologies Pvt Ltd., invensys, SolveIT Software, APC, Areva T&D, BEI Technologies, Cimac, Citect, Clipsal, ELAU, Federal Pioneer, Merlin Gerin, Merten, Modicon PLC, Nu-Lec Industries, PDL Group, Power Measurement, Square D, TAC, Telemecanique, Telvent, Zicom, Summit, Xantrex
Websitewww.se.com Edit this at Wikidata
Footnotes / references
[2]

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, AVEVA and others. It is also a research company.[6]

History

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1836–1963

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Main article: Schneider-Creusot

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

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Main article: Empain-Schneider

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 [fr] in 1992.[16]

1999–present

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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]

After 18 month in office, CEO Peter Herweck was removed by the board of directors and replaced with Olivier Blum in early November 2024.[35]

  •  
    1838: "La Gironde", the first French locomotive
  •  
    The Schneider logo in the 1950s
  •  
    One of the first brochures for Telemecanique industrial control products. Telemecanique was acquired by Schneider Electric in 1988.

Notable acquisitions

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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 [36][37]
1997 Modicon Manufacturer of programmable logic controllers (PLC) USA [38]
2001 PDL Domestic and industrial electrical hardware New Zealand [39][40]
June 2003 TAC Building automation and control Sweden [41]
March 2004 Kavlico Pressure sensors USA [42]
2004 Clipsal Wiring Australia [43]
June 2005 Juno Lighting Lighting USA [44]
July 2005 BEI Technologies Customized sensors USA [44]
2006 Merten Ultra terminal Germany [45]
2006 Citect SCADA system and MES automation software Australia [46]
February 2007 American Power Conversion Power backup and protection and electrical distribution USA [20][21]
July 2009 Meher Capacitors Power factor correction India [47]
March 2010 Zicom Security Systems Security systems India [48]
April 2010 SCADAgroup SCADA and control systems Australia [49]
December 2010 Areva T&D Transmission & distribution Europe [50]
March 2011 Summit Energy Energy management USA [51]
April 2011 Digilink Network connectivity products India [52]
May 2011 APW President Systems Enclosure systems India [53]
May 2011 Luminous Power inverters India [54]
June 2011 Telvent Real-time information management systems Spain [55]
December 2011 Viridity Data center management software USA [56]
September 2012 SolveIT Software Planning and scheduling software Australia [57]
January 2014 Invensys Multinational engineering and information technology company UK [58]
January 2014 Foxboro Control systems USA [59]
July 2017 ASCO Transfer switches, power control systems, and industrial control products USA [60]
September 2017 (60% controlling stake) Aveva Group Information-technology/consulting group UK [61]
January 2023 (remaining shares) [62]
November 2020 ETAP Electrical power systems software USA [63]
2020 RIB Software AEC software USA [64]
2020 OSISoft Industrial data software USA [65]
2020 Larsen & Toubro E&A Electrical and automation technology India [66]
January 2022 Zeigo Climate-tech platform UK [67]
June 2022 EV Connect Electric vehicle charging platform USA [68]
2022 EnergySage Marketplace for solar panels USA [69]
2022 AutoGrid Distributed energy resource management USA [70]

See also

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References

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  1. ^ 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.
  2. ^ "Schneider Electric Annual Report 2018" (PDF). Schneider Electric. Retrieved January 19, 2019.
  3. ^ "Green economy bolstered as Schneider Electric opens 2500 green jobs worldwide". Financial Post. 2022-05-30. Retrieved 2022-05-30.
  4. ^ "Electrification and digitisation 'are the recipe for a more sustainable world'". Energy Live News. 2019-10-03. Retrieved 2020-05-07.
  5. ^ "1-EURO STOXX 50® (SX5E) (EU0009658145)". Qontigo.
  6. ^ "Schneider Unveils Schneider Electric Ventures at its Innovation Summit". www.iotworldtoday.com. Retrieved 2019-03-15.
  7. ^ "Arms and the Men". Fortune. Reprinted by The Harvard Crimson. 18 May 1934. Retrieved 11 February 2023.
  8. ^ Quigley, Carroll (1966). Tragedy And Hope. New York: Macmillan. p. 518. ISBN 0-945001-10-X.
  9. ^ 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.
  10. ^ 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.
  11. ^ 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.
  12. ^ Mooney, Richard E. (April 19, 1966). "Business Empire Set Up in France". The New York Times. Retrieved December 1, 2022.
  13. ^ 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.
  14. ^ 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.
  15. ^ a b Ramirez, Anthony (1991-05-13). "Square D Agrees to Takeover". The New York Times. ISSN 0362-4331. Retrieved 2019-03-15.
  16. ^ "Schneider Electric Focuses on Strategy to Strengthen Merlin Gerin, Square D and Telemecanique Brands". Automation.com. Retrieved 2019-03-15.
  17. ^ a b "The world's longest-running electrical equipment companies". Power Technology. May 28, 2015.
  18. ^ 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.
  19. ^ "Schneider buys Crouzet and Positec to target OEMs". Drive & Controls. 2000-10-01. Retrieved 2024-03-30.
  20. ^ a b Walsh, Lawrence M. (October 30, 2006). "Viva Le Power: Schneider Buys APC". CRN. Retrieved December 1, 2022.
  21. ^ a b Miller, Rich (October 30, 2006). "Schneider Buys APC for $6.1 Billion". Data Center Knowledge. Retrieved December 1, 2022.
  22. ^ Moltzen, Edward F.. (February 14, 2007). "Schneider Electric Wraps Up APC Acquisition". CRN. Retrieved December 1, 2022.
  23. ^ "Areva T&D board approves name change". The Economic Times. December 26, 2011. Retrieved December 1, 2022.
  24. ^ "Alstom and Schneider Electric Close on Areva T&D Acquisition". Power Technology. June 9, 2010. Retrieved December 1, 2022.
  25. ^ 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.
  26. ^ "France's Schneider to buy rest of Aveva in $11 billion deal". Reuters. September 21, 2022. Retrieved December 1, 2022.
  27. ^ "Schneider's L&T Acquisition to Power 'Make In India' Mission | Storify News". 2019-06-17. Retrieved 2019-09-24.
  28. ^ "Schneider Electric makes €1.4bn bid for German construction IT company". Global Construction Review. 14 February 2020. Retrieved 30 July 2021.
  29. ^ "Schneider Electric a finalisé le rachat de RIB Software". Les Echos Investir. 10 July 2020. Retrieved 30 July 2021.
  30. ^ "Schneider Electric SE:'s Acquisition of ProLeiT AG: Marketscreener". 8 May 2020.
  31. ^ "Schneider Electric: acquisition d'Aveva finalisée". Boursorama. 18 January 2023. Retrieved 14 February 2023.
  32. ^ "Conseil environnemental : Schneider Electric a finalisé l'acquisition d'EcoAct". Environment Magazine. Retrieved 3 November 2023.
  33. ^ "Schneider Electric finalise l'acquisition d'EcoAct, spécialiste de la data sur l'environnement". La Revue du Digital. Retrieved 3 November 2023.
  34. ^ "Conseil climatique: Schneider Electric finalise l'acquisition d'EcoAct". Connaissance des Energies. Retrieved 3 November 2023.
  35. ^ "Der Industrieriese Schneider schmeißt seinen deutschen Chef raus". FAZ. Retrieved 4 November 2024.
  36. ^ Bourbon, Jean-Claude (July 9, 2020). "Schneider takes another step into digital". La Croix. Retrieved February 15, 2023.
  37. ^ Lepetit, Bérangère (March 30, 2019). "Schneider Electric's "private and free" school has been training since 1930". Le Parisien. Retrieved February 15, 2023.
  38. ^ Peterson, David (March 2, 2022). "The Origin Story of the PLC". Control Automation. Retrieved February 15, 2023.
  39. ^ "Schneider completes PDL takeover". The New Zealand Herald. 22 June 2001. Retrieved 10 April 2014.
  40. ^ "Company". Schneider-Electric. Retrieved 10 April 2014.
  41. ^ "EQT divests TAC to Schneider Electric". EQT. June 12, 2003. Retrieved February 15, 2023.
  42. ^ "Schneider buys Kavlico and takes a stake in Elau - Drives and Controls Magazine". drivesncontrols.com. Retrieved 2020-07-02.
  43. ^ Menon, Ravi (January 20, 2013). "Schneider to widen Clipsal reach". Business Standard. Retrieved February 15, 2023.
  44. ^ a b John, Peter (July 22, 2005). "Schneider buys BEI Technologies for $562m". Financial Times. Retrieved February 15, 2023.
  45. ^ "Schneider Electric gets GET in the UK". Drives & Controls. September 1, 2006. Retrieved February 15, 2023.
  46. ^ "Citect CEO Excited to be There". Automation World. August 1, 2006. Retrieved February 15, 2023.
  47. ^ Singh, Seema (August 6, 2009). "Schneider acquires Meher Capacitors". LiveMint. Archived from the original on August 10, 2009. Retrieved February 15, 2023.
  48. ^ "Zicom to sell security units to Schneider for Rs 225 cr". The Times Of India. 6 March 2010. Archived from the original on April 3, 2015. Retrieved 2015-03-08.
  49. ^ "Schneider buys Australia's SCADA group". 14 April 2010. Archived from the original on 2010-04-17. Retrieved 2012-03-23.
  50. ^ "Alstom and Schneider for Areva T&D". World-nuclear-news.org. 2009-12-01. Retrieved 2015-03-08.
  51. ^ Guevarra, Leslie (March 25, 2011). "Schneider's $268M Acquisition of Summit Energy Tightens EECA Market". GreenBiz. Retrieved February 15, 2023.
  52. ^ "Smartlink Network sells Digilink to Schneider for Rs 503 cr". The Times Of India. 1 April 2011. Archived from the original on July 7, 2012. Retrieved 2015-03-08.
  53. ^ "Schneider Electric acquires 75 pc stake in APW President Systems". The Times Of India. Archived from the original on August 8, 2011. Retrieved 2015-03-08.
  54. ^ "Schneider to acquire 74% stake in Luminous Power". The Hindu. 31 May 2011.
  55. ^ Abboud, Leila (June 1, 2011). "Schneider Electric to buy grid software group Telvent". Reuters. Retrieved February 15, 2023.
  56. ^ "Schneider snags Viridity to see how many watts servers suck". Gigaom. 2011-12-20. Retrieved 2015-03-08.
  57. ^ Crozier, Ry (September 3, 2012). "SolveIT bought by Schneider Electric". CRN. Retrieved February 15, 2023.
  58. ^ Schultz, Jordan M. (January 17, 2014). "Schneider Electric completes acquisition of Invensys". Control Engineering. Retrieved February 15, 2023.
  59. ^ 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.
  60. ^ "Schneider Electric buys Asco, raises 2017 guidance". CNBC. 2017-07-27. Archived from the original on 2020-09-15. Retrieved 2017-11-07.
  61. ^ Tan, Huileng (2017-09-24). "Schneider Electric CEO: Aveva acquisition combines software and engineering strengths". CNBC. Retrieved 2017-09-25.
  62. ^ Hurst, Aaron (January 19, 2023). "Schneider Electric completes acquisition of AVEVA". Information age. Retrieved February 15, 2023.
  63. ^ Clarke, Susan (November 24, 2020). "Schneider Electric's Acquisition Of ETAP Highlights The Strengthening Market Conditions For Microgrid Deployments". Verdantix. Retrieved February 15, 2023.
  64. ^ Wilkinson, Paul (February 20, 2020). "Schneider Electric makes €1.4 bn bid for RIB Software". Extranet Evolution. Retrieved February 15, 2023.
  65. ^ Moore, Paul (August 25, 2020). "Schneider Electric-controlled AVEVA buying mining real-time data major OSIsoft". International Mining. Retrieved February 15, 2023.
  66. ^ 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.
  67. ^ McManan-Smith, Tim (January 14, 2022). "Schneider Electric acquires Zeigo PPA platform". The Energyst. Retrieved February 3, 2023.
  68. ^ Kerencheva, Emanuela (June 22, 2022). "Schneider Electric Acquires EV Charging Platform EV Connect". ESG Today. Retrieved February 15, 2023.
  69. ^ Spector, Julian (February 18, 2022). "Schneider snaps up solar marketplace EnergySage, aims to electrify homes". Canary Media. Retrieved February 15, 2023.
  70. ^ Runyon, Jennifer (May 13, 2022). "Schneider Electric scoops up DERMS provider AutoGrid". Smart Energy International. Retrieved February 15, 2023.
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