schneider electric sa (SND:Frankfurt)
Transactions by SCHNEIDER ELECTRIC SA (SND) in the last 6 months
Schneider Electric SE (ENXTPA:SU) acquired Power Technics Limited on February 8, 2015. Schneider Electric has taken over Power Technics’ machinery and staff but will lease out factory buildings which sit on a two-acre land. Employees of Power Technics have already been absorbed on a voluntary basis. Outgoing Managing Director of Power Technics was Naresh Mehta.
Schneider Electric SE (ENXTPA:SU) entered into an agreement to acquire InStep Software, LLC on September 30, 2014. InStep Software will continue to be managed by its existing executive team, adding about 70 employees to Schneider Electric’s operations in the United States. The deal is subject to customary regulatory and other closing conditions, is expected to close in the fourth quarter of 2014.
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