Trystan Casey
Schneider Electric is a French multinational corporation specialising in digital automation and energy management. It is a Fortune Global 500 company, publicly traded on the Euronext Exchange, and is a component of the Euro Stoxx 50 stock market index. The company was founded in 1836 by brothers Adolphe and Joseph-Eugene Schneider, who took over an iron foundry in Le Creusot, France. Schneider Electric has since become a leading global supplier to industrial, utility, data centre, and energy customers, with products ranging from ground-level equipment to top-level analytics and execution software.
| Characteristics | Values |
|---|---|
| Founding | Founded in 1836 by brothers Adolphe and Joseph-Eugene Schneider |
| Headquarters | Rueil-Malmaison, France |
| Employees | 144,000 in over 100 countries |
| Specialization | Digital transformation of energy management and automation |
| Revenue | €38.15 billion in the 2024 fiscal year |
| Stock | Publicly traded on the Euronext Exchange and a component of the Euro Stoxx 50 stock market index |
| Parent Company | Square D, APC, AVEVA, and others |
| Acquisitions | Tower Electric, Larsen & Toubro's electrical and automatic business, RIB Software, ProLeiT AG, EcoAct, and others |
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What You'll Learn
Schneider Electric's history
Schneider Electric is a French multinational corporation founded in 1836 by brothers Adolphe and Joseph-Eugene Schneider. The company is headquartered in Rueil-Malmaison, France, and has 144,000 employees in over 100 countries.
Initially, the company took over an iron foundry in Le Creusot, France, and was named Schneider-Creusot. Schneider-Creusot specialized in the production of steel, heavy machinery, and transportation equipment. In 1871, following France's defeat in the Franco-Prussian War, the company significantly developed its capacity for weapons manufacturing. Over the first half of the 20th century, Schneider-Creusot continued to expand, establishing manufacturing sites in France and abroad, including in pre-Soviet Russia.
In the 1960s, Schneider-Creusot was absorbed by Belgium's Empain group, becoming Empain-Schneider. In 1981, the Empain family sold its controlling stake to Paribas. In the following decades, the company, now operating under the Schneider name again, began to shift its focus from steel and shipbuilding to the electricity sector. This shift was marked by several strategic acquisitions, including Télémécanique in 1988, Square D in 1991, and Merlin Gerin in 1992.
In January 1999, Schneider acquired the Scandinavian switch-maker Lexel, and later that year, the company officially renamed itself Schneider Electric to reflect its new focus on electricity and energy. In the 2000s, Schneider Electric continued to expand through acquisitions, including the purchase of French controls-maker Crouzet Automatismes and Swiss motion control specialist SIG Positec.
More recently, in 2016, Schneider Electric acquired Tower Electric, a British company specializing in construction and electrical fixings and fastenings. In 2017, Schneider Electric became the majority shareholder of Aveva, a UK-based provider of engineering and industrial software. The company has continued to grow and diversify its portfolio through various acquisitions, including EcoAct in 2023, a company dedicated to 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 a Fortune Global 500 company, publicly traded on the Euronext Exchange, and is a component of the Euro Stoxx 50 stock market index.
Schneider Electric has a strong presence in the industrial, utility, data center, and energy sectors. The company supplies products and services to a range of customers, including industrial and manufacturing companies, utilities, and data centers. Schneider Electric's products and services contribute to the digital transformation of energy management and automation, leveraging technologies such as the Internet of Things (IoT).
The company has a history of strategic acquisitions to expand its product portfolio and global presence. Some of the well-known brands owned by Schneider Electric include Square D, APC, AVEVA, Télémécanique, Asco, Andover, and TAC Controls. These acquisitions have enhanced Schneider Electric's capabilities in electricity, automation, and energy.
In recent years, Schneider Electric has continued to grow through acquisitions, such as the purchase of Tower Electric, a British company that manufactures fixings and fastenings for construction and electrical firms, and the acquisition of a majority stake in Aveva, a UK-based provider of engineering and industrial software. The company has also expanded its presence in India and Germany through acquisitions, further solidifying its position as a leading global supplier.
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Schneider Electric's acquisitions
Schneider Electric SE is a French multinational corporation that specializes in digital automation and energy management. It is a Fortune Global 500 company, publicly traded on the Euronext Exchange, and is a component of the Euro Stoxx 50 stock market index.
Schneider Electric has a long history of acquisitions, beginning in the late 1980s and early 1990s when the company began to shift its focus from steel and shipbuilding to the electricity sector. Some of the notable acquisitions made by Schneider Electric over the years include:
Télémécanique (1988) and Square D (1991):
Square D is one of the best-known brands in electrical products, and Schneider has owned it since 1991. Télémécanique, now known as Telemecanique Sensors, is a brand of sensors and sensor-based solutions.
Merlin Gerin (1992):
This acquisition helped Schneider Electric move from a focus on steel and industrial products to electricity and energy.
Lexel (1999):
Lexel is a Scandinavian switch-maker.
Crouzet Automatismes (2000):
A French controls-maker acquired from Thomson-CSF.
SIG Positec (2000):
A Swiss motion control specialist acquired from the SIG Group.
American Power Conversion (2006):
Schneider Electric acquired this data center equipment manufacturer for $6.1 billion.
Areva's transmission and distribution businesses (2010):
Areva's transmission and distribution businesses were jointly purchased by Schneider Electric and the rolling stock manufacturer Alstom in a transaction totaling $2.73 billion.
Tower Electric (2016):
A British company that manufactured fixings and fastenings for construction and electrical firms.
Aveva (2017):
Schneider Electric became the majority shareholder of this UK-based provider of engineering and industrial software. The acquisition was finalized in 2023.
Larsen & Toubro's electrical and automatic business (2018):
Schneider Electric acquired this Indian multinational company's electrical and automatic business in a cash deal for ₹140 billion (US$1.6 billion).
RIB Software (2020):
A €1.4 billion takeover bid for the German company was closed in July 2020.
ProLeiT AG (2020):
A supplier of industrial control and MES software.
EcoAct (2023):
A company devoted to climate consulting and net-zero solutions.
Schneider Electric has completed 61 acquisitions with an average acquisition amount of $994 million. Its most active year was 2011, with 14 acquisitions, and it has continued to make acquisitions in 2024.
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The company's financial performance
Schneider Electric is a French multinational corporation specialising in digital automation and energy management. It is a Fortune Global 500 company, publicly traded on the Euronext Exchange, and is a component of the Euro Stoxx 50 stock market index.
In fiscal year 2024, Schneider Electric posted revenues of €38.15 billion, an 8% increase on the previous year. This included a 12% increase in Q4’24 revenues to €11 billion. The company's Energy Management segment saw a double-digit increase, while its Industrial Automation segment decreased by 4%. All four regions contributed to growth, led by North America and the Rest of the World.
Net income for the company was €4.3 billion, up 7%, and Free Cash Flow was above €4.2 billion for the second consecutive year. The company has proposed a dividend of €3.90 per share, marking 15 years of progressive dividends.
Schneider Electric has been recognised as the World's most sustainable corporation by Corporate Knights for the second time, through its commitment to driving value for customers, employees, and shareholders through sustainable practices. The company scored 7.55 on the Schneider Sustainability Impact index, exceeding its target of 7.40.
The company's strong financial performance has been driven by its strategic acquisitions and focus on the electricity sector. Schneider Electric has tens of thousands of patents worldwide and is the parent company of well-known brands such as Square D, APC, AVEVA, and Télémécanique.
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Schneider Electric's headquarters and employees
Schneider Electric is a French multinational corporation that was founded in 1836 by brothers Adolphe and Joseph-Eugene Schneider. The company is headquartered in Rueil-Malmaison, France, and has a significant presence in the United States, with many of its core brands, such as APC and Square D, originating in the US. Schneider Electric's products are found in a large proportion of US homes, with their solutions being used by companies like Whirlpool and Guardian Glass to drive sustainability efforts and improve operational efficiency.
The company has a strong focus on sustainability and is committed to leading the transition to a more electric and digital world. This commitment is evident in their acquisition strategy, which includes purchasing companies specializing in industrial control, software, and climate consulting, such as ProLeiT AG and EcoAct. Schneider Electric's products and solutions are designed to enhance safety, efficiency, and sustainability in energy management and automation, leveraging IoT-enabled technologies, real-time automation, and software.
Schneider Electric has a large global footprint, with 144,000 employees in over 100 countries. The company operates through various segments, including Energy Management, Industrial Automation, and Central Functions and Digital Costs. Their Energy Management segment is particularly notable, as it offers a complete end-to-end technology solution enabled by their EcoStruxure platform. This platform provides an Internet-of-Things (IoT) building operation solution, allowing customers to upgrade their building management systems.
The company's presence in the US is significant, with a strong focus on innovation and sustainability. Schneider Electric USA aims to be the chosen digital partner for sustainability and efficiency across industries, driving digital transformation to create a more resilient future. Their solutions are used in various sectors, including resorts, glass manufacturing, and public infrastructure such as the microgrid powering a fleet of buses in Montgomery County, Maryland.
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Frequently asked questions
Schneider Electric is a French multinational corporation that specializes in digital automation and energy management. It is a Fortune Global 500 company and is publicly traded on the Euronext Exchange.
Schneider Electric is a leading global supplier to industrial, utility, data centre, and energy customers. The company's products range from ground-level equipment to top-level analytics and execution software. Schneider Electric is also a research company and possesses tens of thousands of patents worldwide.
Schneider Electric has acquired several well-known companies over the years, including Télémécanique, Square D, Merlin Gerin, and Lexel. In 2016, Schneider acquired Tower Electric, a British company specializing in construction and electrical fixings and fastenings. In 2020, Schneider Electric acquired ProLeiT AG, a supplier of industrial control and MES software, and finalized the acquisition of EcoAct, a company focused on climate consulting and net-zero solutions.
