Schneider Electric

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Schneider Electric SE
TypePublic (SE)
Euronext ParisSU
CAC 40 Component
IndustryElectrical equipment
PredecessorMerlin-Gerin Edit this on Wikidata
Founded1836; 186 years ago (1836)
(as Schneider & Cie)
FoundersEugène Schneider
Adolphe Schneider
HeadquartersRueil-Malmaison, France
Area served
Worldwide
Key people
Jean-Pascal Tricoire
(Chairman and CEO)
Léo Apotheker
(Vice-Chairman and Lead Director)[1]: 6 
ProductsBuilding 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
RevenueIncrease 28.91 billion[2] (2021)
Increase 4.33 billion[2] (2021)
Increase 3.27 billion[2] (2021)
Total assetsIncrease 54.54 billion[2] (2021)
Total equityIncrease 28.11 billion[2] (2021)
Number of employees
166,025 [2] (2021)
SubsidiariesLuminous 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, Power Measurement, Square D, TAC, Telemecanique, Telvent, Gutor Electronic LLC, Zicom, Summit, Xantrex
Websitewww.se.com/ww/en/
Footnotes / references
[3]

Schneider Electric SE is a French[4][5][6] multinational company that specializes in digital automation and energy management.[7][8] It addresses homes,[9] buildings,[10] data centers,[11] infrastructure and industries,[12] by combining energy technologies, real-time automation, software, and services.[13]

Schneider Electric is a Fortune Global 500 company, publicly traded on the Euronext Exchange, and is a component of the Euro Stoxx 50 stock market index.[14] In FY2020, the company posted revenues of €25.2 billion.[15]

Schneider Electric is the parent company of Square D, APC, and others. It is also a research company.[16]

Head office[edit]

Schneider Electric has had its head office in the Trianon site in Rueil-Malmaison, France since 2000.[17] The current headquarters, also located in Rueil-Malmaison, previously housed Schneider subsidiary Télémécanique[18] while the parent company occupied a site in Boulogne-Billancourt.[19]

History[edit]

1836-1963[edit]

In 1836, brothers Adolphe and Joseph-Eugene Schneider took over an abandoned foundry in Le Creusot, France. Two years later, they created Schneider & Cie, focusing primarily on the steel industry. Schneider & Cie grew rapidly, specializing in the production of heavy machinery and transportation equipment.[20] From 1871, following France's defeat in the Franco-Prussian War, it developed a main activity as weapons manufacturer with the encouragement of the government in Paris. It eventually became a complex group with industrial activities in many sites in France and abroad, including in Russia before 1917 and in Czechoslovakia between 1919 and 1938.[21]

1963-1999[edit]

In the 1960s, Schneider was absorbed by Belgium's Empain group, which in 1969 merged it with its own corporate structures to form Empain-Schneider. In 1980-1981, the Empain family sold its controlling stake to Paribas, which was in turn nationalized in 1982. In the 1980s and 1990s, the company, by then again named Schneider, divested from steel and shipbuilding and focused mainly on electricity through strategic acquisitions. These included Télémécanique in 1988,[22] Square D in 1991,[23] and Merlin Gerin [fr] in 1992.[24]

Timeline since 1999[edit]

1999: Schneider Group acquired Lexel. In May 1999, the Schneider Group was renamed Schneider Electric.[25]

The company became an ITER supplier.

2014: Schneider Electric advertised a cooperation with German power supplier RWE.[26]

2016: Schneider acquired the British retail brand Tower Electric.[27]

2017: Schneider Electric took control of AVEVA Group PLC,[28] a provider of engineering and industrial software based in the UK.[29]

2018: Schneider Electric acquired Larsen & Toubro's Electrical & Automation (E&A) business in a cash deal for 140 billion (US$1.8 billion) (excluding the marine business and Servowatch Ltd., then currently a part of L&T E&A business).[30]

2019: Schneider launched Schneider Electric Exchange.[31]

2020: In February 2020, Schneider made a €1.4 billion takeover bid for German company RIB Software,[32] closing the deal in July 2020.[33] In September 2020, Schneider Electric launched a new equipment that would help electricity distribution companies in Nigeria to fix grid faults.[34] Also in 2020, Schneider Electric acquired ProLeiT AG, a supplier of industrial control and MES software.[35]

2022: In September 2022, Schneider Electric hit over 6-year high and surged 12% in a weak market.[36]

Acquisitions and divestments[edit]

Acquisition date Company Business Country Source
1988 Télémécanique Manufacturer of electrical circuit breakers, switchgear, and sensors France [18]
1990 Federal Pioneer Limited Manufacturer of electrical circuit breakers, switchgear, and transformers Canada [37][38]
1991 Square D Manufacturer of electrical circuit breakers, switchgear, and transformers USA [21]
1992 Merlin Gerin Manufacturer of electrical circuit breakers and transformers France [21]
1997 Modicon Manufacturer of programmable logic controllers (PLC) USA [21][failed verification]
2000 Crouzet Automatismes Automation components France [39]
2000 Berger - Positec Stepper / servo motors Germany [39]
2000 Nu-Lec Industries Switchgear and controls Australia [40]
2001 PDL Domestic and industrial electrical hardware New Zealand [41][42]
2002 Digital Electronics Corporation HMI Japan [43]
2003 CDI Power Power systems automation Brazil [44]
June 2003 TAC Building automation and control Sweden [45]
December 2003 MGE UPS Systems (merged with APC in 2007) Power supplier France [46]
2004 Clipsal Wiring Australia [47]
March 2004 Kavlico Pressure sensors USA [48]
May 2004 Andover Controls Building automation and security USA [49]
May 2005 Power Measurement Energy Management Canada [50]
June 2005 ABS EMEA Building automation UK [51]
June 2005 Juno Lighting Lighting USA [52]
July 2005 BEI Technologies Customized sensors USA [53]
2006 AEM S.A. Ultra terminal Spain [54]
2006 OVA Bargellini Ultra terminal Italy [54]
2006 Merten Ultra terminal Germany [54]
2006 Citect SCADA system and MES automation software Australia [55]
February 2007 APC Power backup and protection and electrical distribution USA [56]
October 2007 (sold May 2019) Pelco Video security USA [57][58]
July 2009 Conzerv Systems Power management and monitoring India [59]
July 2009 Meher Capacitors Power factor correction India [60]
March 2010 Zicom Security Systems Security systems India [61]
April 2010 SCADAgroup SCADA and control systems Australia [62]
December 2010 Areva T&D Transmission & distribution Europe [63]
2010 Andromeda Telematics Integrated control solutions[buzzword] UK [64]
March 2011 Summit Energy Energy management USA [65]
April 2011 Digilink Network connectivity products India [66]
May 2011 APW President Systems Enclosure systems India [67]
May 2011 Luminous Power inverters India [68]
June 2011 Telvent Real-time information management systems Spain [69]
June 2011 Viconics Electronics BMS products Canada [70]
August 2011 7-Technologies Software for simulation and optimization of water and electricity networks and industrial processes Denmark [71]
December 2011 Viridity Data center management software USA [72]
May 2012 M&C Energy Group Energy procurement and sustainability services UK [73]
September 2012 SolveIT Software Planning and scheduling software Australia [74]
March 2013 Elektroshield Samara High- and medium-voltage power-distribution equipment Russia [75]
January 2014 Invensys Multinational engineering and information technology company UK [76]
January 2014 Eliwell HVAC and refrigeration controls manufacturer Italy [77]
January 2014 AST Modular Prefabricated modular data centers company Spain [78]
January 2014 Foxboro Control systems USA [79]
January 2014 AST Modular Prefabricated modular data centers company Spain [80]
September 2014 InStep Software Real-time performance management and predictive analytics software USA [81]
2015 Drayton Controls Residential temperature controls UK [82]
October 2015 Juno Lighting Sells Juno USA [83]
July 2017 ASCO Transfer switches, power control systems, and industrial control products USA [84]
September 2017 Aveva Group Information-technology/consulting group UK [85]
May 2018 Larsen & Toubro Electrical and Automation Electrical and automation business India [86]
January 2022 Zeigo Climate-tech platform UK [87]

Organizational structure and offer[edit]

Since 2019, Schneider Electric has been operating business units: Energy Management, Industrial Automation, and Services.[88]

Energy Management

The energy management business provides products for the management of energy in medium voltage and grid automation, low voltage and building automation, secure power and cooling applications.

Services

The Services business includes three divisions: Global Field Services, Energy and Sustainability Services, and Smart grid Services.[89]

EcoStruxure[edit]

In 2016 Schneider Electric launched the next generation of EcoStruxure – an IoT-enabled architecture.[90] The EcoStruxure platform uses Microsoft Azure.

In April 2019, the company launched Schneider Electric Exchange, an open business platform.[91]

See also[edit]

References[edit]

  1. ^ Financial and Sustainable Development Annual Report 2015 (PDF) (Report). Schneider Electric. 2016-03-16.
  2. ^ a b c d e f Annual Financial Report For the year ended December 31, 2021 (PDF). Schneider Electric SE. Retrieved 18 March 2022.
  3. ^ "Schneider Electric Annual Report 2018" (PDF). Schneider Electric. Retrieved January 19, 2019.
  4. ^ "Global 500: Schneider Electric company profile". Fortune. Retrieved 2021-09-06.
  5. ^ "Top Multinational Performers". Forbes. Retrieved 2020-05-26.
  6. ^ Scott, Mike (January 25, 2021). "Top company profile: Schneider Electric leads decarbonizing megatrend".
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  18. ^ a b "The history of Telemecanique". se.com. Retrieved 2015-03-07.
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  20. ^ Quigley, Carroll (1966). Tragedy And Hope. New York: Macmillan. p. 518. ISBN 0-945001-10-X.
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  84. ^ "Schneider Electric buys Asco, raises 2017 guidance". CNBC. 2017-07-27. Retrieved 2017-11-07.
  85. ^ Tan, Huileng (2017-09-24). "Schneider Electric CEO: Aveva acquisition combines software and engineering strengths". CNBC. Retrieved 2017-09-25.
  86. ^ "Schneider Electric's L&T E&A Acquisition partnering with Temasek" (PDF).
  87. ^ "Schneider Electric acquires renewable energy platform Zeigo to expand digital procurement capabilities globally | IT Reseller Magazine". itrportal.com. Retrieved 2022-01-18.
  88. ^ "Schneider Electric". Forbes.
  89. ^ "The Power Of The Grid In An Intelligent Distributed World". Forbes.
  90. ^ "Schneider Electric Rolls Out a Series of EcoStruxure Platforms | ARC Advisory Group". arcweb.com. Retrieved 2019-05-17.
  91. ^ ReportLinker (2020-11-24). "The Global Smart Factory Market was valued at USD 252.29 Billion in 2019, and it is expected to reach USD 422.88 Billion by 2025, registering a CAGR of 9.33% during the forecast period, 2019-2025". GlobeNewswire News Room. Retrieved 2020-12-03.

External links[edit]