Schneider Electric

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Schneider Electric
Societas Europaea
Traded as EuronextSU
CAC 40 Component
Industry Energy management and automation
Founded 1836; 181 years ago (1836)
(incorporated 1981)
Founder Eugène Schneider
Headquarters Rueil-Malmaison, France
Area served
Worldwide
Key people
Jean-Pascal Tricoire
(Chairman and CEO)
Léo Apotheker
(Vice-Chairman and Lead Director)[1]:6
Products Include building automation, home automation, switches and sockets, industrial safety systems, industrial control systems, electric power distribution, electrical grid automation, Smart Grid, critical power & cooling for datacenters
Revenue
  • Decrease 24.69 billion (2016)
  • €26.64 billion (2015)[1]:7
  • Increase€2.95 billion (2016)
  • €2.23 billion (2015)[1]:177
Profit
  • Increase€1.75 billion (2016)
  • €1.41 billion (2015)[1]:8
Total assets
  • Decrease€41.85 billion (2016)
  • €42.58 billion (2015)[1]:186
Total equity
  • Decrease€20.49 billion (2016)
  • €20.85 billion (2015)[1]:187
Number of employees
144,001 [1]:8 (2016)
Subsidiaries Luminous Power Technologies Pvt Ltd, invensys, SolveIT Software, APC, Areva T&D, BEI Technologies, Cimac, Citect, Clipsal, ELAU, Federal Pioneer, Merlin Gerin, Merten, Modicon PLC, Nu-Lec Industries, PDL Group, Pelco, Power Measurement, Square D, TAC, Telemecanique, Telvent, Gutor Electronic LLC, Zicom, Summit
Website schneider-electric.com

Schneider Electric SE is a French multinational corporation that specialises in energy management and automation solutions, spanning hardware, software, and services. Native of France, the company is headquartered in Rueil-Malmaison and is also based at the World Trade Center of Grenoble with offices throughout the world. A Fortune Global 500 company, Schneider Electric is publicly traded on the Euronext Exchange and is a component of the Euro Stoxx 50 stock market index.[2] In FY2016, the company posted revenues of about €25 billion.[3]

Schneider Electric is the parent company of Square D, Pelco, APC and others. As of 2016, the company has 20,000 patents either active or in application worldwide; the company has 144,000 employees in approximately 100 countries worldwide.

Head office[edit]

Schneider Electric head office in Rueil-Malmaison, France

Schneider Electric has had its head office in the Trianon site in Rueil-Malmaison, France since 2000.[4][5] The current headquarters, also located in Rueil Malmaison and known as the Hive, previously housed Schneider subsidiary Télémécanique, while the parent company occupied a site in Boulogne-Billancourt.[5]

History[edit]

The roots of this company are in the iron, steel, and armaments factories of Schneider-Creusot[6] and other industrial concerns.[7] In 2014 Schneider Electric advertised a cooperation with German power supplier RWE.[8] From its 19th century beginnings in steel through its 20th and 21st century moves in electricity and energy management, Schneider Electric has grown into a global leader in energy management and automation through ongoing innovation and acquisition.

1836-1980: A Family Business Becomes a Major Player

1836: Brothers Adolphe and Joseph-Eugene Schneider take over an abandoned foundry in Le Creusot, France and, two years later, create Schneider & Cie, focusing primarily on the steel industry. Schneider & Cie grows rapidly, specializing in the production of heavy machinery and transportation equipment, and eventually becomes the Schneider Group, a diversified conglomerate.

1975: The Schneider Group acquires an interest in Merlin Gerin, one of the top manufacturers of electrical distribution equipment in France.

1981-2001: The Schneider Group Re-focuses on the Electricity Sector

1981-1997: Schneider Group re-focuses on the electrical industry by divesting its nonstrategic assets and undertakes a series of strategic acquisitions: Télémécanique in 1988, Square D in 1991 and Merlin Gerin in 1992.

1999: Schneider Group acquires Lexel, one of Europe's largest suppliers of installation systems and control solutions. In May 1999, the Schneider Group is renamed Schneider Electric to clearly identify its expertise in, and focus on, the electrical field.

Since 2002: A Strategic Transformation

At the turn of the 2000s, Schneider Electric adopts a three-pronged strategy to drive growth, diversify risk and promote longevity:

  • Ensure a more balanced exposure to its strategic end markets;
  • Enhance its legacy portfolio (electricity distribution, automation, and industrial control) with adjacent and synergistic businesses; and
  • Anticipate the future energy requirements of companies and individuals.

This strategy led Schneider Electric to conduct a number of strategic acquisitions both in mature countries and in new economies, targeting companies offering complementary products and solutions.

Acquisitions[edit]

Acquisition date Company Business Country Source
1988 telemechanique Manufacturer of electrical circuit breakers, switchgear and sensors France [9]
1990 Federal Pioneer Limited Manufacturer of electrical circuit breakers, switchgear and transformers Canada [10][11]
1991 Square D Manufacturer of electrical circuit breakers, switchgear and transformers USA [12]
1992 Merlin Gérin Manufacturer of electrical circuit breakers and transformers France [12]
2000 Crouzet Automatismes Automation components France [13]
2000 Berger - Positec Stepper / servo motors Germany [13]
2000 Nu-Lec Industries Switchgear and controls Australia [14]
2001 PDL Domestic and industrial electrical hardware New Zealand [15][16]
2002 Digital Electronics Corporation HMI Japan [17]
2003 CDI Power Power systems automation Brazil [18]
June 2003 TAC Building automation and control Sweden [19]
December 2003 MGE UPS Systems (merged with APC in 2007) Power supplier USA [20]
2004 Clipsal Wiring Australia [21]
March 2004 Kavlico Pressure sensors USA [22]
May 2004 Andover Controls Building automation and security USA [23]
May 2005 Power Measurement Energy Management Canada [24]
June 2005 ABS EMEA Building automation UK [25]
June 2005 Juno Lighting Lighting USA [26]
July 2005 BEI Technologies Customized sensors USA [27]
2006 AEM S.A. Ultra terminal Spain [28]
2006 OVA Bargellini Ultra terminal Italy [28]
2006 Merten Ultra terminal Germany [28]
2006 Citect SCADA and MES automation software Australia [29]
February 2007 APC Power backup and protection and electrical distribution USA [30]
October 2007 Pelco Video security USA [31]
July 2009 Conzerv Systems Power monitoring India [32]
July 2009 Meher Capacitors Power factor correction India [33]
March 2010 Zicom Security Systems Security systems India [34]
April 2010 SCADAgroup SCADA and control systems Australia [35]
December 2010 Areva T&D Transmission & distribution Europe [36]
2010 Andromeda Telematics Integrated control solutions UK [37]
March 2011 Summit Energy Energy management USA [38]
April 2011 Digilink Network connectivity products India [39]
May 2011 APW President Systems Enclosure systems India [40]
May 2011 Luminous Power inverters India [41]
June 2011 Telvent Real-time information management systems Spain [42]
June 2011 Viconics Electronics BMS products Canada [43]
August 2011 7-Technologies Software for simulation and optimization of water/electricity networks and industrial processes Denmark [44]
December 2011 Viridity Data center management software USA [45]
May 2012 M&C Energy Group Energy procurement and sustainability services UK [46]
September 2012 SolveIT Software Planning and scheduling software Australia [47]
January 2014 Invensys Multinational engineering and information technology company UK [48]
January 2014 AST Modular Prefabricated Modular Data Centers company Spain [49]
September 2014 InStep Software Real-time performance management and predictive analytics software USA [50]
October 2015 Juno Lighting Sells Juno USA [51]

See also[edit]

References[edit]

  1. ^ a b c d e f g Financial and Sustainable Development Annual Report 2015 (PDF) (Report). Schneider Electric. 2016-03-16. 
  2. ^ "Börse Frankfurt (Frankfurt Stock Exchange): Stock market quotes, charts and news". www.boerse-frankfurt.de. Retrieved 2016-09-16. 
  3. ^ "Financial Results 2016". 
  4. ^ "Legal Information". Schneider Electric. Retrieved 2015-03-08. 
  5. ^ a b "Schneider-Electric s'est installé chez une filiale - Les sièges sociaux des entreprises du Cac 40 sur Journal du Net Economie" (in French). Journaldunet.com. 2007-06-27. Retrieved 2015-03-08. 
  6. ^ Quigley, Carroll (1966). Tragedy And Hope. New York: Macmillan. p. 518. ISBN 0-945001-10-X. 
  7. ^ "History Of Schneider Electric". Schneider-electric.com. Retrieved 12 October 2012. 
  8. ^ "Schneider Electric and RWE join forces in electric mobility market for charging infrastructure solutions". Rwe-mobility.com. Retrieved 11 February 2014. 
  9. ^ "Telemecanique". Schneider-electric.fr. Retrieved 2015-03-07. 
  10. ^ "Archives Canada". Archivescanada.ca. Retrieved 2015-03-07. 
  11. ^ "McGill Digital Archive :: Canadian Corporate Reports :: Company Detail". Digital.library.mcgill.ca. Retrieved 2015-03-07. 
  12. ^ a b "History of Schneider Electric". Schneider Electric SE. Retrieved 2016-01-12. 
  13. ^ a b "New acquisitions in Industrial Control and Automation : Crouzet Automatismes" (PDF). Schneider-electric.com. Retrieved 2015-03-08. 
  14. ^ "Schneider Electric history in Australia". Schneider-electric.com.au. Retrieved 2015-03-07. 
  15. ^ "Schneider completes PDL takeover". The New Zealand Herald. 22 June 2001. Retrieved 10 April 2014. 
  16. ^ "Company". Schneider-Electric. Retrieved 10 April 2014. 
  17. ^ "Business Overview and Company History". Global.pro-face.com. Retrieved 2015-03-08. 
  18. ^ "Schneider Electric SA: Increasing Presence in the Brazilian Automation Market". Frost.com. Retrieved 2015-03-08. 
  19. ^ "Schneider Electric becomes a major player in Building Automation & Control" (PDF). Schneider-electric.com. Retrieved 2015-03-08. [permanent dead link]
  20. ^ "Schneider Electric expands in secured power" (PDF). Schneider-electric.com. Retrieved 2015-03-08. [permanent dead link]
  21. ^ "Schneider Electric strengthens its aSia Pacific presence in Electrical Wiring Devices" (PDF). Schneider-electric.com. Retrieved 2015-03-08. [permanent dead link]
  22. ^ "Schneider Electric Expands In Sensing Technology" (PDF). Schneider-electric.com. Retrieved 2015-03-08. [permanent dead link]
  23. ^ "Schneider Electric strengthens its positions in Building Automation while expanding in Security" (PDF). Schneider-electric.com. Retrieved 2015-03-08. [permanent dead link]
  24. ^ "Schneider Electric Acquires Power Measurement". achrnews.com. 2005-05-10. Retrieved 2016-09-15. 
  25. ^ "ABS EMEA : Schneider Electric further consolidates its position in Building Automation" (PDF). Schneider-electric.com. Retrieved 2015-03-08. [permanent dead link]
  26. ^ "Juno Lightning : Schneider Electric enhances its position in the US" (PDF). Schneider-electric.com. Retrieved 2015-03-08. [permanent dead link]
  27. ^ "BEI Technologies : Schneider Electric enhances its position in Customized Sensors" (PDF). Schneider-electric.com. Retrieved 2015-03-08. [permanent dead link]
  28. ^ a b c "Ultra Terminal" (PDF). Schneider Electric. Retrieved 2 July 2013. 
  29. ^ "History of Citect". Schneider Electric. Retrieved 2015-03-08. 
  30. ^ "Company". Apc.com. Retrieved 2015-03-08. 
  31. ^ "Schneider Electric press releases". Schneider-electric.com. 2007-10-17. Retrieved 2015-03-08. 
  32. ^ "Schneider Electric Conzerv India Pvt. Ltd.: Private Company Information - Businessweek". Investing.businessweek.com. 2009-06-08. Retrieved 2015-03-08. 
  33. ^ Seema Singh (2009-08-06). "Schneider acquires Meher Capacitors". Livemint. Retrieved 2015-03-08. 
  34. ^ "Zicom to sell security units to Schneider for Rs 225 cr". The Times Of India. 6 March 2010. Retrieved 2015-03-08. 
  35. ^ [1][dead link]
  36. ^ "Alstom and Schneider for Areva T&D". World-nuclear-news.org. 2009-12-01. Retrieved 2015-03-08. 
  37. ^ "Andromeda is now Schneider Electric". Andromeda-telematics.com. Retrieved 2015-03-08. 
  38. ^ "Schneider Electric Acquires". Summit Energy. Retrieved 2015-03-08. 
  39. ^ "Smartlink Network sells Digilink to Schneider for Rs 503 cr". The Times Of India. 1 April 2011. Retrieved 2015-03-08. 
  40. ^ "Schneider Electric acquires 75 pc stake in APW President Systems". The Times Of India. Retrieved 2015-03-08. 
  41. ^ "Schneider to acquire 74 % stake in Luminous Power". The Hindu. 31 May 2011. 
  42. ^ "Telvent and Schneider Electric join forces to improve efficiency of mission critical infrastructures". Schneider Electric SE. 2011-09-02. Retrieved 2015-05-01. 
  43. ^ "Archived copy". Archived from the original on 2012-11-09. Retrieved 2012-03-23. 
  44. ^ "Archived copy". Archived from the original on 2012-02-13. Retrieved 2012-03-23. 
  45. ^ "Schneider snags Viridity to see how many watts servers suck". Gigaom. 2011-12-20. Retrieved 2015-03-08. 
  46. ^ "Schneider Electric acquires M&C Energy Group and strengthens its capability to respond to fast growing demand for energy management services". Schneider Electric SE. 2012-05-04. Retrieved 2015-05-01. 
  47. ^ "SolveIT Software is now Schneider Electric". Solveitsoftware.com. Retrieved 2015-03-08. 
  48. ^ "Schneider Electric completes the acquisition of Invensys and creates a unique player in Industry Automation". Schneider Electric SE. 2014-01-17. Retrieved 2015-05-01. 
  49. ^ "Schneider Electric Takes the Lead in Prefabricated Data Centers with the Acquisition of AST Modular". Schneider Electric SE. 2014-01-10. Retrieved 2016-01-12. 
  50. ^ "Schneider Electric Agrees to Acquire InStep Software". Schneider Electric Software, LLC. 2014-09-30. Retrieved 2015-05-01. 
  51. ^ "Schneider Electric sells Juno lighting". wsj.com. Retrieved 2015-10-29. 

External links[edit]