Schneider Electric, one of France’s largest industrial companies, has acquired Temasek Holdings’ remaining stake in their joint venture in India for €5.5 billion, gaining full ownership of Schneider Electric India Private Limited (SEIPL).
The transaction, announced on July 30, marks a major step in Schneider Electric’s multi-hub global strategy and reinforces its commitment to India as a high-growth market.
In its official statement, Schneider Electric described the acquisition as “the logical next step” in its long-term vision for India, calling the country an “attractive domestic growth market” and a “key hub” for innovation, manufacturing, and digital operations.
“India is one of the key focus markets of Schneider Electric for the years to come,”
said Olivier Blum, CEO of Schneider Electric.
“We are excited to capture the full growth potential in India and leverage our exceptional R&D, digital, and supply chain talent here to support operations across the region.”
The full ownership of SEIPL is expected to enhance speed in decision-making and support the company’s broader plans to build an integrated R&D and supply chain platform for India and other emerging markets.
Recommended Read: Rupee Falls to 4-Month Low on Trump’s Tariff Remarks, RBI Seen Limiting Losses
The India joint venture between Schneider Electric and Temasek, Singapore’s state investment arm, was formed in 2018 following the acquisition of L&T’s electrical and automation business. The JV has since grown into a major player in India’s electrical and energy management segment.
With this buyout, Schneider Electric gains complete control over SEIPL, positioning it for deeper integration into its global strategy.
This €5.5 billion transaction highlights Schneider Electric’s strong commitment to India’s industrial and digital infrastructure growth. The move aligns with the global trend of consolidating regional operations to drive agility, innovation, and operational efficiency.
For India, this deal underscores its rising importance as a manufacturing and innovation hub for multinational firms seeking growth in the Asia-Pacific region.
Click here to explore other: NSE Stock Price Today
IndiGo Crisis Intensifies as Govt Steps In; DGCA Suspends FDTL Rules, Full Restoration Expected in…
Markets Cheer RBI’s Growth-Driven Rate Cut as Sensex Rises 447 Points and Nifty Ends Near…
RBI Cuts Repo Rate and Lifts Growth Forecast, Boosting Sentiment in Rate-Sensitive Stocks In a…
CAMS Shares Appear to Plunge 80% as 1:5 Stock Split Kicks In, but Investors Are…
Major Cloudflare Outage Ripples Across India’s Trading Platforms, Disrupting Market Activity A sudden Cloudflare outage…
IndiGo Shares Bounce Back as DGCA Offers Partial Relief on Pilot Duty Rules Amid Nationwide…
This website uses cookies.