Schneider Electric Acquires Full Stake in Indian Joint Venture

Schneider Electric has announced its acquisition of the remaining 35% stake in Schneider Electric India Private Limited (SEIPL) from Temasek, bringing it to full ownership. This deal, valued at €5.5 billion, is part of Schneider's broader strategy to enhance its India hub. Completion is pending customary closing conditions, including regulatory approvals from the Competition Commission of India.

India, now the world's fourth-largest economy, offers significant opportunities for growth, particularly in digitalization and electrification. Schneider's full ownership of SEIPL is expected to enhance decision-making speed and leverage India as a key hub for R&D and supply chain activities. The company anticipates double-digit growth in SEIPL's organic sales and plans to expand its India capacity up to threefold.

Schneider's initial partnership with Temasek began in 2018, with the acquisition of Larsen and Toubro's Electrical and Automation business. Since then, India has become Schneider's third-largest market. This acquisition reflects Schneider's commitment to capitalizing on India's economic potential and further implementing its multi-hub strategy.