Latest news with #SchneiderElectricIndia
Business Times
16-07-2025
- Business
- Business Times
Schneider in talks to buy Temasek's stake in Indian JV: sources
[NEW DELHI] Schneider Electric is considering buying out the remaining stake in its India venture from minority partner Temasek Holdings, according to people familiar with the matter. Schneider Electric is in talks to buy the 35 per cent stake held by the Singapore investment company in Schneider Electric India for about US$1 billion, the people said, asking not to be identified because the deliberations are private. A potential transaction could value the whole venture at roughly US$5 billion including debt, the people added. Talks are ongoing and no final decisions have been made, the people said. Representatives for Schneider Electric and Temasek declined to comment. Temasek has been weighing a potential exit from the joint venture, including a sale to its majority partner or another party, as well as via an initial public offering, Bloomberg News reported last year. Schneider Electric India is 65 per cent owned by the French company with the reminder held by Temasek, according to a statement from 2020, when it completed the merger of its Indian low voltage and industrial automation product unit with Larsen & Toubro's electrical and automation operations. Schneider Electric, one of France's oldest and biggest industrial companies, has evolved from primarily a maker of electrical gear to a provider of software and equipment for buildings, data centres and factories. Dealmaking activity in India is growing as investors seek to double down their presence on the most populous nation. The volume of mergers and acquisitions in the country has reached US$31 billion, a 16 per cent increase from a year earlier, according to Bloomberg data. BLOOMBERG
Bloomberg
16-07-2025
- Business
- Bloomberg
Schneider Is Said in Talks to Buy Temasek's Stake in Indian JV
Schneider Electric SE is considering buying out the remaining stake in its India venture from minority partner Temasek Holdings Pte, according to people familiar with the matter. Schneider is in talks to buy the 35% stake held by the Singapore state investment company in Schneider Electric India Pvt for about $1 billion, the people said, asking not to be identified because the deliberations are private. A potential transaction could value the whole venture at roughly $5 billion including debt, the people said.
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Business Standard
06-07-2025
- Business
- Business Standard
Every dollar or energy saved is what you don't need to produce: Sharma
We have built almost 580 vocational training centres, where we have trained almost 300,000 plus youths so far, says Deepak Sharma, zone president, Greater India, MD & CEO of Schneider Electric India Pranjal Sharma Listen to This Article The first phase of Schneider Electric's manufacturing plant in Hosur will be ready by January 2026. The French company, better known in India for its Luminous brand of batteries, specialises in energy management. Deepak Sharma, zone president, Greater India, MD & CEO of Schneider Electric India, spoke to Pranjal Sharma in an interview about the firm's growth strategy. Edited excerpts The role of technology in managing energy is becoming far bigger and complex. How is Schneider helping the industry manage energy? We can talk a lot about the generation part, but the equally important challenge is on the consumption part.
Mint
03-07-2025
- Business
- Mint
Schneider Electric's new Copilot enhances open automation with Microsoft AI
Schneider Electric has announced the launch of its new Industrial Copilot, developed in partnership with Microsoft. The system is integrated into the company's EcoStruxure Automation Expert Platform, and is designed to support tasks such as application development, real-time recommendations, and maintenance. The AI-powered assistant is intended to help automate repetitive tasks and improve coordination between operators and engineers. It is part of Schneider Electric's strategy to promote open, software-defined automation systems, with a focus on interoperability across hardware and software platforms. You may be interested in According to the company, the Copilot makes use of Generative AI to provide system recommendations, predictive maintenance alerts, and troubleshooting support. These features aim to minimise downtime, reduce manual input, and assist with operational decisions using real-time data. The platform supports Unified Architecture, allowing integration across various industrial systems. It includes functions like application whitelisting, system status alerts, and live data analysis. In a statement, Arvind Kakru, Vice President – Industrial Automation, Schneider Electric India, said the Copilot reflects the company's ongoing focus on modular and open automation environments. He noted the tool is intended to streamline system deployment and support various industrial requirements. The system is now available through the EcoStruxure Automation Expert Platform, which serves as Schneider Electric's central automation framework. The Copilot is designed to work across multiple sectors and is compatible with Schneider Electric's broader product ecosystem. It will be rolled out as part of the company's updated software offering in India.
