Schneider Electric to Acquire Full Ownership of India Unit

Schneider Electric announced that it will acquire the remaining 35% stake in its Indian subsidiary, Schneider Electric India Private Limited, from Singapore's Temasek Holdings for 5.5 billion in cash. The acquisition will give the French industrial technology giant full ownership of its India operations, enabling faster decision-making and deeper integration of India into its global strategy.

Strengthening India as a Global Growth and Innovation Hub

The acquisition reinforces Schneider Electric's commitment to India as a core growth market, regional manufacturing base, and innovation hub. The company emphasized that India is not just a key domestic market. It also serves as a critical platform for R&D, supply chain, and exports across the Asia-Pacific region and other emerging markets.

"India is one of the key focus markets of Schneider Electric for the years to come," said Olivier Blum, Chief Executive Officer. "We are excited to capture the full growth potential of this unique opportunity and leverage our exceptional talent in R&D, digital, and supply chain," Blum added.

Business Performance and Expansion Plans

In 2024, Schneider Electric India reported statutory revenues of 1.8 billion. Total sales across all Indian entities reached 2.5 billion. The company expects double-digit compound annual growth in the coming years, fueled by India's robust economic momentum. To support this growth, Schneider plans to expand its manufacturing capacity by 2.5 to 3 times. This expansion aligns with national initiatives like "Make in India" and "Digital India." The company has maintained a strong local presence for over 60 years and operates extensive R&D capabilities in the country.

Strategic Rationale and Long-Term Vision

Schneider Electric described the buyout as a logical next step in its long-term investment in India. The company considers India its third-largest market and one of its four global hubs. The move is designed to streamline governance, strengthen operational agility, and capitalize on India's economic tailwinds. "Considering Schneider's strong belief in the future potential of its India business, timing is opportune to take full control and capitalize on future value creation," the company stated.

Building on Past Collaborations

Schneider Electric builds on its 2018 partnership with Temasek. That year, both companies jointly acquired Larsen & Toubro's Electrical and Automation business, which they later rebranded as Lauritz Knudsen. That deal set the stage for deeper collaboration in India's energy and automation sectors.

Media Contact
Company Name: ABC Private Limited
Contact Person: Media Relations
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=schneider-electric-to-acquire-full-ownership-of-india-unit]
Country: India
Website: https://www.se.com/in/en/

Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com



This release was published on openPR.