on SCHNEIDER ELECTRIC (EPA:SU)
Schneider Electric Ends Strategic Transaction Talks with Bentley Systems
Rueil-Malmaison (France), May 22, 2024 - Schneider Electric, a global leader in digital energy management and automation, has announced the termination of discussions with Bentley Systems regarding a potential strategic transaction. This decision follows the initial announcement of the talks on April 19, 2024.
The discussions were mutually ended without any agreement being reached. Schneider Electric emphasizes its commitment to its capital allocation priorities. The company aims to remain flexible and opportunistic in its inorganic growth strategies while maintaining a disciplined approach to value creation for its stakeholders.
The Group has decided not to provide further details about the discussions or the proposed transaction.
R. H.
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