Schneider Electric, a global leader in energy management and automation, has announced an agreement to acquire the remaining 35 per cent stake in Schneider Electric India Private Limited (SEIPL) from Temasek, taking its ownership to 100 per cent.
The all-cash deal is valued at euro 5.5 billion (around Rs 55,000 crore) and is subject to customary closing conditions, including regulatory approvals such as from the Competition Commission of India. The transaction is expected to be completed in the coming quarters.
“The move underscores Schneider Electric’s strategic commitment to India, positioning it as a key growth market and a central hub in the company’s global multi-hub model,” it said. Full ownership of SEIPL is expected to enhance agility and accelerate decision-making for India operations.
Schneider, among France’s biggest industrial companies, has plans for an R&D and supply chain platform for the region and other emerging markets, and complete ownership of SEIPL will ‘support speed of decision-making’ for India as a hub, it said.
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