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Schneider Electric
From Wikipedia, the free encyclopedia
Schneider Electric SE
| |
Schneider Electric head office in Paris | |
Company type | Public |
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Traded as | |
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Industry | Electrical equipment |
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Predecessor | Merlin-Gerin |
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Founded | 1836; 188 years ago
(as Schneider & Cie) |
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Founders | |
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Headquarters | Rueil-Malmaison, France |
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Area served | Worldwide |
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Key people | Peter Herweck
(CEO)
Jean-Pascal Tricoire
(Chairman)
Léo Apotheker
(Director) |
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Products | Building automation, home automation, switches, and sockets, plant process and emergency shutdown systemss, industrial control systems, electric power distribution, electrical grid automation, smart grid, critical power & cooling for datacenters |
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Revenue |
€34.17 billion[1] (2022) |
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Operating income |
€4.93 billion[1] (2022) |
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Net income |
€3.53 billion[1] (2022) |
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Total assets |
€58.36 billion[1] (2022) |
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Total equity |
€26.09 billion[1] (2022) |
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Number of employees | 162,339[1] (2022) |
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Subsidiaries | Luminous 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, Gutor Electronic LLC, Zicom, Summit, Xantrex |
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Website | www.se.com
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Footnotes / references
[2] | |
Schneider Electric SE is a French
multinational company that specializes in digital automation and energy management.
[3][4] It addresses homes,
[5] buildings,
[6] data centers,
[7] infrastructure and industries,
[8] by combining energy technologies, real-time automation, software, and services.
[9]
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.
[10] In
fiscal year 2022, the company posted revenues of €34.2 billion.
[1]
Schneider Electric is the
parent company of
Square D,
APC, and others. It is also a research company.
[11]
History[edit]
1836–1963[edit]
Main article:
Schneider-Creusot
In 1836, brothers
Adolphe and
Joseph-Eugene Schneider took over an iron foundry in
Le Creusot, France.
[12] 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.
[13][14] In 1871, following France's defeat in the
Franco-Prussian War, the company significantly developed its capacity for weapons manufacturing.
[15] 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.
[15][16]
1963–1999[edit]
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.
[17][18] In 1981, the Empain family sold its controlling stake to
Paribas.
[18] 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.
[14][19] These acquisitions included Télémécanique in 1988,
[14] Square D in 1991,
[20] and
Merlin Gerin [
fr] in 1992.
[21]
1999–present[edit]
In January 1999, Schneider acquired the Scandinavian switch-maker Lexel.
[22][23] Later that year, the company renamed itself Schneider Electric, to reflect its focus on the electricity sector.
[22]
In October 2006, Schneider Electric announced that it would acquire the data center equipment manufacturer
American Power Conversion for $6.1 billion.
[24][25] The following February, the move was finalized following its approval by the
European Commission.
[26] 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.
[27][28]
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.
[29][30] The next year, it acquired the Indian multinational
Larsen & Toubro's electrical and automatic business in a cash deal for ₹140 billion (US$1.8 billion).
[31]
In February 2020, Schneider made a €1.4 billion takeover bid for German company
RIB Software,
[32] closing the deal in July 2020.
[33] Also in 2020, Schneider Electric acquired ProLeiT AG, a supplier of industrial control and MES software.
[34]
In April 2021, Schneider introduced 'The Zero Carbon Project'. Since then, it has shown its commitment to minimize 'operational carbon emissions' by 2025.
[35]
In January 2023, Schneider Electric's acquisition of
Aveva was finalized.
[36]
In November 2023, Schneider Electric finalized its acquisition of EcoAct, a company devoted to climate consulting and net-zero solutions.
[37][38][39]
- 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 |
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1988 | Télémécanique | Manufacturer of electrical circuit breakers, switchgear, and sensors | France | [14] |
1991 | Square D | Manufacturer of electrical circuit breakers, switchgear, and transformers | USA | [20] |
1992 | Merlin Gerin | Manufacturer of electrical circuit breakers and transformers | France | [40][41] |
1997 | Modicon | Manufacturer of programmable logic controllers (PLC) | USA | [42] |
2001 | PDL | Domestic and industrial electrical hardware | New Zealand | [43][44] |
June 2003 | TAC | Building automation and control | Sweden | [45] |
March 2004 | Kavlico | Pressure sensors | USA | [46] |
2004 | Clipsal | Wiring | Australia | [47] |
June 2005 | Juno Lighting | Lighting | USA | [48] |
July 2005 | BEI Technologies | Customized sensors | USA | [48] |
2006 | Merten | Ultra terminal | Germany | [49] |
2006 | Citect | SCADA system and MES automation software | Australia | [50] |
February 2007 | American Power Conversion | Power backup and protection and electrical distribution | USA | [24][25] |
July 2009 | Meher Capacitors | Power factor correction | India | [51] |
March 2010 | Zicom Security Systems | Security systems | India | [52] |
April 2010 | SCADAgroup | SCADA and control systems | Australia | [53] |
December 2010 | Areva T&D | Transmission & distribution | Europe | [54] |
March 2011 | Summit Energy | Energy management | USA | [55] |
April 2011 | Digilink | Network connectivity products | India | [56] |
May 2011 | APW President Systems | Enclosure systems | India | [57] |
May 2011 | Luminous | Power inverters | India | [58] |
June 2011 | Telvent | Real-time information management systems | Spain | [59] |
December 2011 | Viridity | Data center management software | USA | [60] |
September 2012 | SolveIT Software | Planning and scheduling software | Australia | [61] |
January 2014 | Invensys | Multinational engineering and information technology company | UK | [62] |
January 2014 | Foxboro | Control systems | USA | [63] |
July 2017 | ASCO | Transfer switches, power control systems, and industrial control products | USA | [64] |
September 2017 (60% controlling stake) | Aveva Group | Information-technology/consulting group | UK | [65] |
January 2023 (remaining shares) | [66] | | | |
November 2020 | ETAP | Electrical power systems software | USA | [67] |
2020 | RIB Software | AEC software | USA | [68] |
2020 | OSISoft | Industrial data software | USA | [69] |
2020 | Larsen & Toubro E&A | Electrical and automation technology | India | [70] |
January 2022 | Zeigo | Climate-tech platform | UK | [71] |
June 2022 | EV Connect | Electric vehicle charging platform | USA | [72] |
2022 | EnergySage | Marketplace for solar panels | USA | [73] |
2022 | AutoGrid | Distributed energy resource management | USA | [74] |
Another one to ponder.....
I shall refrain from adding it to the BrainChip Scroll just yet , though it certainly would slot in seamlessly .
Regards,
Eqs