Schneider Electric

French multinational digital automation and energy management company

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|

Schneider Electric SE

Schneider Electric head office in Paris

Type| Public (SE)

Traded as

| Euronext Paris: SU
CAC 40 Component
Industry| Electrical equipment
Predecessor| Merlin-Gerin
Founded| 1836; 187 years ago (1836)
(as Schneider & Cie)
Founders| Eugène Schneider
Adolphe Schneider
Headquarters| Rueil-Malmaison, France

Area served

| Worldwide

Key people

| Jean-Pascal Tricoire
(Chairman and CEO)
Léo Apotheker
(Vice-Chairman and Lead Director)[1]: 6
Products| Building automation, home automation, Switches, and sockets, Industrial safety systems, Industrial control systems, electric power distribution, electrical grid automation, Smart grid, critical power & cooling for datacenters
Revenue|  €34.17 billion[2] (2022)

Operating income

|  €4.93 billion[2] (2022)

Net income

|  €3.53 billion[2] (2021)
Total assets|  €58.36 billion[2] (2022)
Total equity|  €26.09 billion[2] (2022)

Number of employees

| 162,339 [2] (2022)
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
Website| www.se.com/ww/en/
Footnotes / references
[3]

Schneider Electric SE is a French multinational company that specializes in digital automation and energy management.[4][5] It addresses homes,[6] buildings,[7] data centers,[8] infrastructure and industries,[9] by combining energy technologies, real-time automation, software, and services.[10]

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.[11] In FY2020, the company posted revenues of €25.2 billion.[12]

Schneider Electric is the parent company of Square D, APC, and others. It is also a research company.[13]

## Head office[edit]

Schneider Electric has had its head office in Rueil-Malmaison, France since 2000.[14] The company uses an international operations model[15] wherein its key personnel and large numbers of its staff are spread across main offices in Reuil-Malmaison,[16] Hong Kong,[17] Noida,[18] and Boston.[19]

## 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.[20] 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.[21][22] In 1871, following France's defeat in the Franco-Prussian War, the company significantly developed its capacity for weapons manufacturing.[23] 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.[23][24]

### 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 own corporate structures to form Empain-Schneider.[25][26] In 1981, the Empain family sold its controlling stake to Paribas.[26] 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.[22][27] These acquisitions included Télémécanique in 1988,[22] Square D in 1991,[28] and Merlin Gerin [fr] in 1992.[29]

### 1999-present[edit]

In January of 1999, Schneider acquired the Scandinavian switch-maker Lexel.[30][31] Later that year, the company renamed itself Schneider Electric, to reflect its focus on the electricity sector.[32]

In October 2006, Schneider Electric announced that it would acquire the data center equipment manufacturer American Power Conversion for $6.1 billion.[33][34] The following February, the move was finalized following its approval by the European Commission.[35] In June of 2010, Schneider and the rolling stock manufacturer Alstom jointly purchased Areva's transmission and distribution businesses in a transaction totaling $2.73 billion.[36][37]

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.[38][39] 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).[40]

In February 2020, Schneider made a €1.4 billion takeover bid for German company RIB Software,[41] closing the deal in July 2020.[42] Also in 2020, Schneider Electric acquired ProLeiT AG, a supplier of industrial control and MES software.[43]

In April 2021, Schneider introduced 'The Zero Carbon Project'. Since then, it has shown its commitment to minimize 'operational carbon emissions' by 2025.[44]

In January 2023, Schneider Electric's acquisition of Aveva was finalized.[45]

* 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.

## Acquisitions and divestments[edit]

Acquisition date  | Company  | Business  | Country  | Source

|
|
|
|

1988 | Télémécanique | Manufacturer of electrical circuit breakers, switchgear, and sensors  | France  | [46]
1990 | Federal Pioneer Limited  | Manufacturer of electrical circuit breakers, switchgear, and transformers  | Canada  | [47][48]
1991 | Square D | Manufacturer of electrical circuit breakers, switchgear, and transformers  | USA  | [49]
1992 | Merlin Gerin | Manufacturer of electrical circuit breakers and transformers  | France  | [49]
1997 | Modicon | Manufacturer of programmable logic controllers (PLC)  | USA  | [49][failed verification]
2000 | Crouzet Automatismes  | Automation components  | France  | [50]
2000 | Berger - Positec  | Stepper / servo motors  | Germany  | [50]
2000 | Nu-Lec Industries  | Switchgear and controls  | Australia  | [51]
2001 | PDL  | Domestic and industrial electrical hardware  | New Zealand  | [52][53]
2002 | Digital Electronics Corporation  | HMI  | Japan  | [54]
2003 | CDI Power  | Power systems automation  | Brazil  | [55]
June 2003 | TAC | Building automation and control  | Sweden  | [56]
December 2003 | MGE UPS Systems (merged with APC in 2007)  | Power supplier  | France  | [57]
2004 | Clipsal | Wiring  | Australia  | [58]
March 2004 | Kavlico  | Pressure sensors  | USA  | [59]
May 2004 | Andover Controls  | Building automation and security  | USA  | [60]
May 2005 | Power Measurement  | Energy Management  | Canada  | [61]
June 2005 | ABS EMEA  | Building automation  | UK  | [62]
June 2005 | Juno Lighting | Lighting  | USA  | [63]
July 2005 | BEI Technologies  | Customized sensors  | USA  | [64]
2006 | AEM S.A.  | Ultra terminal  | Spain  | [65]
2006 | OVA Bargellini  | Ultra terminal  | Italy  | [65]
2006 | Merten | Ultra terminal  | Germany  | [65]
2006 | Citect | SCADA system and MES automation software  | Australia  | [66]
February 2007 | APC | Power backup and protection and electrical distribution  | USA  | [67]
October 2007 (sold May 2019)  | Pelco | Video security  | USA  | [68][69]
July 2009 | Conzerv Systems  | Power management and monitoring  | India  | [70]
July 2009 | Meher Capacitors  | Power factor correction  | India  | [71]
March 2010 | Zicom Security Systems  | Security systems  | India  | [72]
April 2010 | SCADAgroup  | SCADA and control systems  | Australia  | [73]
December 2010 | Areva T&D  | Transmission & distribution  | Europe  | [74]
2010 | Andromeda Telematics  | Integrated control solutions[buzzword] | UK  | [75]
March 2011 | Summit Energy  | Energy management  | USA  | [76]
April 2011 | Digilink  | Network connectivity products  | India  | [77]
May 2011 | APW President Systems  | Enclosure systems  | India  | [78]
May 2011 | Luminous  | Power inverters  | India  | [79]
June 2011 | Telvent | Real-time information management systems  | Spain  | [80]
June 2011 | Viconics Electronics  | BMS products  | Canada  | [81]
August 2011 | 7-Technologies  | Software for simulation and optimization of water and electricity networks and industrial processes  | Denmark  | [82]
December 2011 | Viridity  | Data center management software  | USA  | [83]
May 2012 | M&C Energy Group  | Energy procurement and sustainability services  | UK  | [84]
September 2012 | SolveIT Software | Planning and scheduling software  | Australia  | [85]
March 2013 | Elektroshield Samara  | High- and medium-voltage power-distribution equipment  | Russia  | [86]
January 2014 | Invensys | Multinational engineering and information technology company  | UK  | [87]
January 2014  | Eliwell  | HVAC and refrigeration controls manufacturer  | Italy  | [88]
January 2014 | AST Modular  | Prefabricated modular data centers company  | Spain  | [89]
January 2014  | Foxboro | Control systems  | USA  | [90]
January 2014 | AST Modular  | Prefabricated modular data centers company  | Spain  | [89]
September 2014 | InStep Software  | Real-time performance management and predictive analytics software  | USA  | [91]
2015 | Drayton Controls  | Residential temperature controls  | UK  | [92]
October 2015 | Juno Lighting | Sells Juno  | USA  | [93]
July 2017  | ASCO | Transfer switches, power control systems, and industrial control products  | USA  | [94]
September 2017  | Aveva Group  | Information-technology/consulting group  | UK  | [95]
May 2018  | Larsen & Toubro Electrical and Automation  | Electrical and automation business  | India  | [96]
January 2022  | Zeigo  | Climate-tech platform  | UK  | [97]

## Organizational structure and offer[edit]

Since 2019, Schneider Electric has been operating business units: Energy Management, Industrial Automation, and Services.[98]

Energy Management

The Energy Management business provides products for the management of energy in medium voltage and grid automation, low voltage and building automation, secure power and cooling applications.

Services

The Services business includes three divisions: Global Field Services, Energy and Sustainability Services, and Smart grid Services.[99]

## EcoStruxure[edit]

In 2016 Schneider Electric launched the next generation of EcoStruxure – an IoT-enabled architecture.[100] The EcoStruxure platform uses Microsoft Azure. In 2021, the EcoStruxure solutions introduced by Schneider helped customers lessen 'carbon emissions' by 84 million tonnes.[44]

In April 2019, the company launched Schneider Electric Exchange, an open business platform.[101] In June 2022, Schneider Electric introduced its EcoStruxure Machine Expert Twin, an adaptable digital shadow software solution that aims to handle the machine's 'lifecycle'.[102]

## Research and development investment[edit]

In its Innovation Summit North America, Schneider Electric expressed its aim to assess emerging technologies, support and subsidize startups through guiding them.[103] In FY2021, Schneider Electric announced that its research and development expenses were around 855 million euros.[citation needed]

## Operational technology[edit]

In January 2023, Schneider Electric's interest to develop the area of Operational Technology was concretized through its partnership with BitSight, a specialist in the field of cybersecurity.[104] In fact, their collaboration seeks to realize a unique 'global Operational Technology (OT) Risk Identification and Threat Intelligence capability' that aims to detect the threats to Operational Technology [105] and consolidate 'industrial security'.[104]

## See also[edit]

* France portal
* Companies portal

* Creusot steam hammer

## References[edit]

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## External links[edit]

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