Schneider Electric Combines Low Voltage and Industrial Automation Business in India with Larsen & Toubro’s Electrical & Automation Business

Schneider 400

Sept 3, 2020

In line with the Company’s vision to further reinforce  its presence in India, Schneider Electric announced the success of completion of the transaction combining Larsen & Toubro’s Electrical & Automation business and Schneider Electric India’s Low Voltage and Industrial Automation Product business, following the initial announcement in 2018.

The combined business – Schneider Electric India Private Limited (“SEIPL”), is owned 65% by Schneider Electric, and global investment company Temasek owns the remaining stake. SEIPL also announced the appointment of Anil Chaudhry – the current Zone President & Managing Director, of Schneider Electric India – as the CEO SEIPL and Zone President India. A virtual day-long ‘welcome’ event will flag off Day 1 of operations of SEIPL.

SEIPL will see the integration of over 5000 employees from L&T’s Electrical & Automation business which includes its overseas markets of Middle East and Africa, Indonesia and Malaysia, with over 2,000 of Schneider Electric’s employees.

With a mission of boosting India’s economic growth and supporting the government’s vision of an Atmanirbhar Bharat, SEIPL will provide a wide range of products and technologically superior solutions with pan India geographical reach. SEIPL will go to market with its two distinct portfolio brands, L&T’s Electrical & Automation business  and Schneider Electric, along with separate sales teams and partner networks.

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