Schneider Electric

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Schneider Electric SE is a French multinational corporation that specializes in digital automation and energy management.<ref>Template:Cite news</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Registered as a Societas Europaea, 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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In fiscal year 2024, the company posted revenues of €38.15 billion.<ref name="SE24Financials"/>

Schneider Electric is the parent company of Square D, APC, AVEVA, and others. It is also a research company.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

History

1836–1963

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In 1836, brothers Adolphe and Joseph-Eugene Schneider took over an iron foundry in Le Creusot, France.<ref>Template:Cite magazine</ref> 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.<ref>Template:Cite book</ref><ref name=Nicholson11>Template:Cite news</ref> In 1871, following France's defeat in the Franco-Prussian War, the company significantly developed its capacity for weapons manufacturing.<ref name=Nye34>Template:Cite book</ref> 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.<ref name=Nye34/><ref name=Grant18>Template:Cite book</ref>

1963–1999

{{#invoke:Labelled list hatnote|labelledList|Main article|Main articles|Main page|Main pages}} 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.<ref name=Mooney66>Template:Cite news</ref><ref name=Renardr81>Template:Cite news</ref> In 1981, the Empain family sold its controlling stake to Paribas.<ref name=Renardr81/> 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.<ref name=Nicholson11/><ref name=Georgieva19>Template:Cite journal</ref> These acquisitions included Télémécanique in 1988,<ref name=Nicholson11/> Square D in 1991,<ref name="Ramirez">Template:Cite news</ref> and Template:Ill in 1992.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In 1996, the company created the holding company Schneider Electric (China) Investment Company Ltd.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

1999–present

In January 1999, Schneider acquired the Scandinavian switch-maker Lexel.<ref name="power-technology.com">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref name=Fleming99>Template:Cite news</ref> Later that year, the company renamed itself Schneider Electric, to reflect its focus on the electricity sector.<ref name="power-technology.com"/> 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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In October 2006, Schneider Electric announced that it would acquire the data center equipment manufacturer American Power Conversion for $6.1 billion.<ref name=Walsh06>Template:Cite news</ref><ref name=Miller06>Template:Cite news</ref> The following February, the move was finalized following its approval by the European Commission.<ref name=Moltzen07>Template:Cite news</ref> 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.<ref name=ET11>Template:Cite news</ref><ref name=PT10>Template:Cite news</ref>

In 2016, Schneider acquired Tower Electric, a British company that manufactured fixings and fastenings for construction and electrical firms.Template:Citation needed In 2017, Schneider Electric became the majority shareholder of Aveva, a provider of engineering and industrial software based in the UK.<ref>Template:Cite news</ref><ref name=Reuters22>Template:Cite news</ref> The next year, it acquired the Indian multinational Larsen & Toubro's electrical and automatic business in a cash deal for Template:INRConvert.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In February 2020, Schneider made a €1.4 billion takeover bid for German company RIB Software,<ref>Template:Cite news</ref> closing the deal in July 2020.<ref name="LesEchos">Template:Cite news</ref> Also in 2020, Schneider Electric acquired ProLeiT AG, a supplier of industrial control and MES software.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In January 2023, Schneider Electric's acquisition of Aveva was finalized.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In November 2023, Schneider Electric finalized its acquisition of EcoAct, a company devoted to climate consulting and net-zero solutions.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

After 18 months in office, CEO Peter Herweck was removed by the board of directors and replaced with Olivier Blum in early November 2024.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In December 2024, the company announced a partnership with Nvidia to design data center cooling systems.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In March 2025, Schneider Electric announced plans to invest more than US$700 million in its United States operations through 2027, marking the company's largest single capital expenditure in the country.<ref name="USExpansion2025">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

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

Acquisitions

Acquisition date	Company	Business	Country	Template:Refh
Template:Dts	Télémécanique	Manufacturer of electrical circuit breakers, switchgear, and sensors	France	<ref name=Nicholson11/>
Template:Dts	Square D	Manufacturer of electrical circuit breakers, switchgear, and transformers	USA	<ref name="Ramirez"/>
Template:Dts	Merlin Gerin	Manufacturer of electrical circuit breakers and transformers	France	<ref name=Bourbon20>Template:Cite news</ref><ref name=Lepetit19>Template:Cite news</ref>
Template:Dts	Modicon	Manufacturer of programmable logic controllers (PLC)	USA	<ref name=Peterson19>Template:Cite news</ref>
Template:Dts	PDL	Domestic and industrial electrical hardware	New Zealand	<ref>Template:Cite news</ref><ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
Template:Dts	TAC	Building automation and control	Sweden	citation	CitationClass=web }}</ref>
Template:Dts	Kavlico	Pressure sensors	USA	citation	CitationClass=web }}</ref>
Template:Dts	Clipsal	Wiring	Australia	<ref name=Menon13>Template:Cite news</ref>
Template:Dts	Juno Lighting	Lighting	USA	<ref name=John05>Template:Cite news</ref>
Template:Dts	BEI Technologies	Customized sensors	USA	<ref name=John05/>
Template:Dts	Merten	Ultra terminal	Germany	<ref name=DrivesControls06>Template:Cite news</ref>
Template:Dts	Citect	SCADA system and MES automation software	Australia	<ref name=AutomationWorld06>Template:Cite news</ref>
Template:Dts	American Power Conversion	Power backup and protection and electrical distribution	USA	<ref name=Walsh06/><ref name=Miller06/>
Template:Dts	Meher Capacitors	Power factor correction	India	<ref name=Singh09>Template:Cite news</ref>
Template:Dts	Zicom Security Systems	Security systems	India	<ref>Template:Cite news</ref>
Template:Dts	SCADAgroup	SCADA and control systems	Australia	citation	CitationClass=web }}</ref>
Template:Dts	Areva T&D	Transmission & distribution	Europe	citation	CitationClass=web }}</ref>
Template:Dts	Summit Energy	Energy management	USA	<ref name=Guevarra11>Template:Cite news</ref>
Template:Dts	Digilink	Network connectivity products	India	<ref>Template:Cite news</ref>
Template:Dts	APW President Systems	Enclosure systems	India	<ref>Template:Cite news</ref>
Template:Dts	Luminous	Power inverters	India	<ref>Template:Cite news</ref>
Template:Dts	Telvent	Real-time information management systems	Spain	<ref name=Abboud11>Template:Cite news</ref>
Template:Dts	Viridity	Data center management software	USA	citation	CitationClass=web }}</ref>
Template:Dts	SolveIT Software	Planning and scheduling software	Australia	<ref name=Crozier12>Template:Cite news</ref>
Template:Dts	Invensys	Multinational engineering and information technology company	UK	<ref name=Schultz14>Template:Cite news</ref>
January 2014	Foxboro	Control systems	USA	<ref name=Peterson20>Template:Cite news</ref>
July 2017	ASCO	Transfer switches, power control systems, and industrial control products	USA	<ref>Template:Cite news</ref>
September 2017 (60% controlling stake)	Aveva Group	Information-technology/consulting group	UK	<ref>Template:Cite news</ref>
January 2023 (remaining shares)				<ref name=Hurst23>Template:Cite news</ref>
November 2020	ETAP	Electrical power systems software	USA	<ref name=Clarke20>Template:Cite news</ref>
2020	RIB Software	AEC software	USA	<ref name=Wilkinson20>Template:Cite news</ref>
2020	OSISoft	Industrial data software	USA	<ref name=Moore20>Template:Cite news</ref>
2020	Lauritz Knudsen E&A (Larsen & Toubro E&A)	Electrical and automation technology	India	<ref name=Thomas20>Template:Cite news</ref>
January 2022	Zeigo	Climate-tech platform	UK	<ref name=EnergystJan22>Template:Cite news</ref>
June 2022	EV Connect	Electric vehicle charging platform	USA	<ref name=Kerencheva22>Template:Cite news</ref>
2022	EnergySage	Marketplace for solar panels	USA	<ref name=Spector22>Template:Cite news</ref>
2022	AutoGrid	Distributed energy resource management	USA	<ref name=Runyon22>Template:Cite news</ref>
November 2023	EcoAct	Climate consultancy and Nature-Based Solutions	France	<ref name=EcoAct>Template:Cite news</ref>
October 2024	Motivair	Liquid cooling and advanced thermal management solutions	USA	<ref>Template:Cite news</ref>

See also

• Creusot steam hammer

External links

• Template:Official website
• Schneider Electric global blog
• Schneider Electric eShop India