Molly Ayala
Schneider Electric is a French multinational corporation specialising in digital automation and energy management. The company has a long history, dating back to 1836 when brothers Adolphe and Joseph-Eugene Schneider took over an iron foundry in Le Creusot, France. Over the years, Schneider Electric has expanded and diversified its business, establishing a global presence in over 100 countries and employing over 150,000 people worldwide. The company has made numerous acquisitions, including American Power Conversion, Aveva, and Larsen & Toubro's electrical and automatic business, strengthening its position in the market and solidifying its expertise in electrification, automation, and digitization. With a focus on sustainability and digital transformation, Schneider Electric continues to innovate and provide integrated energy solutions to its customers worldwide.
| Characteristics | Values |
|---|---|
| Number of countries | Over 100 |
| Number of employees | 128,000+ |
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What You'll Learn
Schneider Electric's global presence
Schneider Electric is a French multinational corporation that specializes in digital automation and energy management. It is a global leader in the digital transformation of energy management and industrial automation, with a presence in over 100 countries and a workforce of over 150,000 employees worldwide. The company's mission is to empower people to make the most of their energy and resources, ensuring that "Life is On" for everyone, everywhere, and at every moment.
The company's global presence can be traced back to its early days as Schneider-Creusot, when it established manufacturing sites in pre-Soviet Russia and Czechoslovakia in the first half of the 20th century. In the following decades, Schneider Electric continued to expand internationally, divesting from steel and shipbuilding and focusing on the electricity sector. This included strategic acquisitions of companies like Télémécanique, Square D, and Merlin Gerin in the 1980s and 1990s.
In recent years, Schneider Electric has continued to grow its global footprint through acquisitions and expansions. In 2006, the company acquired American Power Conversion, a data center equipment manufacturer, for $6.1 billion. In 2010, Schneider Electric jointly purchased Areva's transmission and distribution businesses with Alstom, a rolling stock manufacturer. The company has also made significant acquisitions in the UK, India, and Germany, further solidifying its global presence.
Schneider Electric's global reach extends to various industries, including smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. The company offers integrated energy solutions across multiple market segments and is committed to sustainability and digital transformation. Through its global operations, Schneider Electric aims to bridge progress and sustainability, aligning with the United Nations Sustainable Development Goals and prioritizing transparency in measuring its impact.
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The company's commitment to sustainability
Schneider Electric is a French multinational corporation specialising in digital automation and energy management. It operates in over 100 countries and has been recognised as a global sustainability leader. The company has been named the world's most sustainable corporation by Corporate Knights, Time magazine, and Statista.
Schneider Electric's commitment to sustainability is evident in its efforts to combat climate change, promote gender diversity, and integrate sustainability into its business operations and strategy. The company has set ambitious targets across various sustainability dimensions, including energy efficiency, electrification, and decarbonisation. For example, Schneider Electric has committed to reducing CO2 emissions from its top 1,000 suppliers' operations and achieving zero-CO2 sites by 2025. The company also aims to increase the number of women in leadership positions, with a goal of 50% women hired, 40% front-line managers, and 30% leaders by 2025.
The company's sustainability initiatives are driven by its identity and legacy of innovation and mobilisation. Schneider Electric believes that sustainability is not just a corporate goal but the driving force behind its business decisions. The company's strategy focuses on climate protection, resource preservation, and ethical practices. This includes a commitment to protecting marine life and eliminating single-use plastics from its packaging by 2025.
Schneider Electric's dedication to sustainability extends beyond its own operations. The company offers advanced consulting services to help its customers' facilities become more sustainable and digitally transformed. Additionally, Schneider Electric promotes a mentoring culture and provides development opportunities for its employees, ensuring that all its stakeholders can thrive. The company also prioritises fair compensation and sustainable procurement practices.
Through its commitment to sustainability, Schneider Electric strives to positively impact its employees, customers, and communities. By integrating sustainability into every aspect of its business, the company has solidified its position as a global leader in environmental stewardship and social responsibility.
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Energy management and automation
Schneider Electric is a French multinational corporation that specializes in digital automation and energy management. It is present in over 100 countries and offers integrated energy solutions across multiple market segments. The company has a strong focus on sustainability and digital transformation, aiming to empower its customers to make the most of their energy and resources.
Schneider Electric has a long history dating back to 1836 when brothers Adolphe and Joseph-Eugene Schneider took over an iron foundry in Le Creusot, France. Over the years, the company has evolved and expanded, establishing manufacturing sites in France and other countries, including pre-Soviet Russia and Czechoslovakia. In the 1980s and 1990s, Schneider divested from steel and shipbuilding and began to focus on the electricity sector through strategic acquisitions.
The company has made significant acquisitions over the years, including Télémécanique in 1988, Square D in 1991, and Merlin Gerin in 1992. In 2006, Schneider Electric acquired American Power Conversion, a data center equipment manufacturer, for $6.1 billion. In 2016, the company acquired Tower Electric, a British manufacturer of fixings and fastenings for construction and electrical firms. More recently, in 2023, Schneider Electric finalized the acquisition of EcoAct, a company dedicated to climate consulting and net-zero solutions.
Schneider Electric's expertise in energy management and automation covers a wide range of industries, including utilities, oil and gas, mining, data centers, and critical buildings. The company provides solutions for power distribution, medium voltage switchgear, transformers, and energy automation. They also offer agnostic software solutions and advanced consulting services to help companies with their digital transformation journey.
Through its products, services, and acquisitions, Schneider Electric plays a significant role in shaping a sustainable and inclusive future. The company has been recognized for its efforts, being named the World's Most Sustainable Corporation by Corporate Knights on two occasions.
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Schneider Electric's history and acquisitions
Schneider Electric is a French multinational corporation that operates in over 100 countries and specializes in digital automation and energy management. The company was founded in 1836 when brothers Adolphe and Joseph-Eugene Schneider took over an iron foundry in Le Creusot, France. Two years later, they founded Schneider-Creusot, which specialized in steel, heavy machinery, and transportation equipment production. Schneider-Creusot experienced significant growth in the late 19th century, particularly in weapons manufacturing following France's defeat in the Franco-Prussian War.
Over the first half of the 20th century, Schneider-Creusot expanded internationally, establishing manufacturing sites in pre-Soviet Russia and Czechoslovakia. In the 1960s, after the death of Charles Schneider, Schneider-Creusot was acquired by Belgium's Empain group, resulting in the formation of Empain-Schneider. In 1981, the Empain family sold its controlling stake to Paribas.
In the 1980s and 1990s, the company refocused its strategy on the electricity sector, divesting from steel and shipbuilding. During this period, Schneider acquired Télémécanique (1988), Square D (1991), Merlin Gerin (1992), and Modicon (1997). In January 1999, Schneider acquired the Scandinavian switch-maker Lexel and renamed the company Schneider Electric to reflect its new focus on electricity.
In the 2000s, Schneider Electric continued its expansion and acquisitions, including the purchase of American Power Conversion (2006) and Areva's transmission and distribution businesses (2010). In 2016, Schneider acquired Tower Electric, a British company specializing in construction and electrical fixings and fastenings. Schneider Electric also strengthened its presence in the software space, acquiring a majority stake in Aveva in 2017 and RIB Software in 2020. In 2023, Schneider Electric finalized the acquisition of EcoAct, a company focused on climate consulting and net-zero solutions.
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The company's products and services
Schneider Electric is a French multinational corporation that specializes in digital automation and energy management. It is present in over 100 countries and offers integrated energy solutions across multiple market segments. The company has a strong commitment to sustainable development and has been named the World's Most Sustainable Corporation twice by Corporate Knights.
Schneider Electric provides a range of products and services for residential, small business, and industrial customers. For residential and small business customers, Schneider Electric offers the Wiser sustainable home solution, which helps optimize energy consumption while maximizing comfort, safety, and convenience. This includes the Schneider Home app, which connects and manages a home's entire electric ecosystem, including solar, backup battery, EV charging, circuits, and plugs.
The company also offers advanced appliance and electronics protection from surge damage, as well as charging stations for homes and businesses. Their products include circuit breakers, protection devices, PLCs, motor starters, drives, switches, sockets, lighting, transformers, substations, and UPS systems.
For industrial customers, Schneider Electric provides solutions for data centers and utility companies and digital transformation. The company also offers consulting services and software for various industries.
Schneider Electric has made several acquisitions to expand its business and enhance its product offerings. Some notable acquisitions include American Power Conversion, Areva's transmission and distribution businesses, Tower Electric, Aveva, Larsen & Toubro's electrical and automatic business, and EcoAct, a company focused on climate consulting and net-zero solutions.
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Frequently asked questions
Schneider Electric is in over 100 countries.
Schneider Electric has an ecosystem of 150,000 colleagues and more than a million partners worldwide.
Schneider Electric's mission is to be the trusted partner in sustainability and efficiency.
Schneider Electric is a global industrial technology leader specializing in electrification, automation, and digitization.
In the fiscal year 2024, Schneider Electric posted revenues of €38.15 billion.
