Schneider Electric
{{Short description|French multinational digital automation and energy management company}}
{{Infobox company
| name = Schneider Electric SE
| logo = 250px
| image = Schneider Elec HQ day.jpg
| image_size = 270px
| image_caption = Schneider Electric head office in Rueil-Malmaison
| type = Public
| traded_as = {{Unbulleted list|{{EuronextParis|SU|FR0000121972|XPAR}}|CAC 40 component}}
| founders = {{Unbulleted list|Eugène Schneider
Adolphe Schneider}}
| foundation = {{start date and age|1836|df=yes}}
(as Schneider & Cie)
| area_served = Worldwide
| key_people = {{ubl|Olivier Blum (CEO)|Jean-Pascal Tricoire (chairman)|Léo Apotheker (director)}}
| industry = Electrical equipment
| products = Building automation, home automation, switches, and sockets, plant process and emergency shutdown systems, industrial control systems, electric power distribution, electrical grid automation, smart grid, critical power & cooling for datacenters
| revenue = {{increase}} {{€|38.15 billion|link=yes}} (2024){{cite web |title=ANNUAL FINANCIAL REPORT For the year ended December 31, 2024 |url=https://www.se.com/ww/en/assets/564/document/505720/accounts-fy-results-2024.pdf?p_enDocType=EDMS&p_File_Name=2024%20Full%20Year%20Financial%20Results%20Accounts}}
| operating_income = {{increase}} {{€|6.44 billion}} (2024)
| net_income = {{increase}} {{€|4.43 billion}} (2024)
| assets = {{increase}} {{€|65.94 billion}} (2024)|
| equity = {{increase}} {{€|31.28 billion}} (2024)
| num_employees = 153,121 (2023){{cite web |title=2023 Universal Registration Document. Financial and Sustainable Development Report for the Year Ended December 31, 2023 |url=https://www.se.com/ww/en/assets/564/document/462018/universal-registration-document.pdf|website=Schneider Electric}}
| subsid = 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, Lauritz Knudsen, Nu-Lec Industries, PDL Group, Power Measurement, Square D, TAC, Telemecanique, Telvent, Zicom, Summit, Xantrex
| location = Rueil-Malmaison, France
| homepage = {{official URL}}
}}
Schneider Electric SE is a French multinational corporation that specializes in digital automation and energy management.{{cite news |date=2022-05-30 |title=Green economy bolstered as Schneider Electric opens 2500 green jobs worldwide |language=en |work=Financial Post |url=https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/green-economy-bolstered-as-schneider-electric-opens-2500-green-jobs-worldwide |access-date=2022-05-30}}{{cite web |date=2019-10-03 |title=Electrification and digitisation 'are the recipe for a more sustainable world' |url=https://www.energylivenews.com/2019/10/03/electrification-and-digitisation-are-the-recipe-for-a-more-sustainable-world/ |access-date=2020-05-07 |website=Energy Live News |language=en-US}}
Registered as a Societas Europaea, 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.{{Cite web|url=https://qontigo.com/index/sx5e/|title=1-EURO STOXX 50® (SX5E) (EU0009658145)|website=Qontigo}} In fiscal year 2024, the company posted revenues of €38.15 billion.
Schneider Electric is the parent company of Square D, APC, AVEVA, and others. It is also a research company.{{cite web |title=Schneider Unveils Schneider Electric Ventures at its Innovation Summit |url=https://www.iotworldtoday.com/2018/11/15/schneider-electric-ventures-debuts-at-innovation-summit/ |access-date=2019-03-15 |website=www.iotworldtoday.com}}
History
=1836–1963=
{{Main|Schneider-Creusot}}
In 1836, brothers Adolphe and Joseph-Eugene Schneider took over an iron foundry in Le Creusot, France.{{cite magazine|author=|title=Arms and the Men |url= https://www.thecrimson.com/article/1934/5/18/arms-and-the-men-pbut-the/|magazine=Fortune |location= |publisher= Reprinted by The Harvard Crimson|date=18 May 1934|access-date=11 February 2023}} Two years later, they founded Schneider-Creusot, the company that would eventually become Schneider Electric. Initially, Schneider-Creusot specialized in the production of steel, heavy machinery, and transportation equipment.{{cite book |last=Quigley |first=Carroll |url=https://books.google.com/books?id=KQZxAAAAIAAJ&q=tragedy+and+hope |title=Tragedy And Hope |publisher=Macmillan |year=1966 |isbn=0-945001-10-X |location=New York |page=518}}{{cite news |last=Nicholson |first=Chris V. |date=April 13, 2011 |title=Tyco Deal Could Be Costly for Schneider |url=https://archive.nytimes.com/dealbook.nytimes.com/2011/04/13/what-a-tyco-deal-could-cost-schneider/ |work=The New York Times |access-date=December 1, 2022}} In 1871, following France's defeat in the Franco-Prussian War, the company significantly developed its capacity for weapons manufacturing.{{cite book |last=Nye |first=Gerald P. |date=1934 |title=A primer on Europe's armament makers who prolong war and disturb peace |url=http://www.fredsakademiet.dk/tid/1900/1934/nye.pdf |publisher=U.S. Government Printing Offices |pages=7–9}} Over the first half of the 20th century, Schneider-Creusot continued to grow, establishing manufacturing sites in France and abroad, including in pre-Soviet Russia and Czechoslovakia.{{cite book |last=Grant |first=Jonathan A. |date=2018 |title=Between Depression and Disarmament |chapter=The Schneider–Škoda Alliance, 1919–1930 |pages=24–51 |url=https://www.cambridge.org/core/books/abs/between-depression-and-disarmament/schneiderskoda-alliance-19191930/DD2786204F02DB48B85D272784F93745 |publisher=Cambridge University Press |doi=10.1017/9781108552721.002 |isbn=9781108448505 }}
=1963–1999=
{{Main|Empain-Schneider}}
In the 1960s, following the death of Charles Schneider, Schneider-Creusot was absorbed by Belgium's Empain group, which merged Schneider-Creusot with its corporate structures to form Empain-Schneider.{{cite news |last=Mooney |first=Richard E. |date=April 19, 1966 |title=Business Empire Set Up in France |url=https://timesmachine.nytimes.com/timesmachine/1966/04/20/83529285.html |work=The New York Times |access-date=December 1, 2022}}{{cite news |last=Renard |first=Francoise |date=February 28, 1981 |title=Le groupe Paribas prend le contrôle de l'empire Empain-Schneider La fin de l'intermède belge |url=https://www.lemonde.fr/archives/article/1981/02/28/le-groupe-paribas-prend-le-controle-de-l-empire-empain-schneider-la-fin-de-l-intermede-belge_3039580_1819218.html |access-date=December 1, 2022}} In 1981, the Empain family sold its controlling stake to Paribas. In the 1980s and 1990s, the company, once again operating under the Schneider name, divested from steel and shipbuilding and, through strategic acquisitions, began to focus on the electricity sector.{{cite journal |last1=Georgieva |first1=Sonia |last2=Lungarova |first2=Tsvetina |date=2019 |title=Effects of Corporate Social Responsibility and Traditions in Innovations on the Activity of an International Company – the Case of "Schneider Electric" |url=https://www.unwe.bg/uploads/Alternatives/6_S_T_Alternatives_en_2_2019.pdf |journal=Economic Alternatives |issue=2 |pages=227–234 |access-date=December 1, 2022}} These acquisitions included Télémécanique in 1988, Square D in 1991,{{cite news |last=Ramirez |first=Anthony |date=1991-05-13 |title=Square D Agrees to Takeover |language=en-US |work=The New York Times |url=https://www.nytimes.com/1991/05/13/business/square-d-agrees-to-takeover.html |access-date=2019-03-15 |issn=0362-4331}} and {{ill|Merlin Gerin|fr}} in 1992.{{cite web |title=Schneider Electric Focuses on Strategy to Strengthen Merlin Gerin, Square D and Telemecanique Brands |url=https://www.automation.com/en-us/articles/2004-2/schneider-electric-focuses-on-strategy-to-strength |access-date=2019-03-15 |website=Automation.com}} In 1996, the company created the holding company Schneider Electric (China) Investment Company Ltd.{{Cite web |date=April 22, 1996 |title=Schneider s'organise pour renforcer ses positions en Chine |url=https://www.lesechos.fr/1996/04/schneider-sorganise-pour-renforcer-ses-positions-en-chine-833631 |website=Les Echos}}
=1999–present=
In January 1999, Schneider acquired the Scandinavian switch-maker Lexel.{{Cite web |date=May 28, 2015 |title=The world's longest-running electrical equipment companies |url=https://www.power-technology.com/analysis/featurethe-worlds-longest-running-electrical-equipment-companies-4589072/ |website=Power Technology}}{{cite news |last=Fleming |first=Charles |date=January 12, 1999 |title=France's Schneider to Pay $1.06 Billion For Scandinavian Switch Maker Lexel |url=https://www.wsj.com/articles/SB916070575816364000 |work=The Wall Street Journal |access-date=December 1, 2022}} Later that year, the company renamed itself Schneider Electric, to reflect its focus on the electricity sector. In 2000, Schneider Electric acquired the French controls-maker Crouzet Automatismes from Thomson-CSF and the Swiss motion control specialist SIG Positec from SIG Group.{{Cite web |date=2000-10-01 |title=Schneider buys Crouzet and Positec to target OEMs |url=https://drivesncontrols.com/news/archivestory.php/aid/1529/https://drivesncontrols.com/news/archivestory.php/aid/1529/ |access-date=2024-03-30 |website=Drive & Controls}}
In October 2006, Schneider Electric announced that it would acquire the data center equipment manufacturer American Power Conversion for $6.1 billion.{{cite news |last=Walsh |first=Lawrence M. |date=October 30, 2006 |title=Viva Le Power: Schneider Buys APC |url=https://www.crn.com/blogs-op-ed/tidal-waves/193500110/viva-le-power-schneider-buys-apc.htm?itc=refresh |work=CRN |access-date=December 1, 2022}}{{cite news |last=Miller |first=Rich |date=October 30, 2006 |title=Schneider Buys APC for $6.1 Billion |url=https://www.datacenterknowledge.com/archives/2006/10/30/schneider-buys-apc-for-61-billion |work=Data Center Knowledge |access-date=December 1, 2022}} The following February, the move was finalized following its approval by the European Commission.{{cite news |last=Moltzen |first=Edward F.. |date=February 14, 2007 |title=Schneider Electric Wraps Up APC Acquisition |url=https://www.crn.com/news/components-peripherals/197006166/schneider-electric-wraps-up-apc-acquisition.htm |work=CRN |access-date=December 1, 2022}} In June 2010, Schneider and the rolling stock manufacturer Alstom jointly purchased Areva's transmission and distribution businesses in a transaction totaling $2.73 billion.{{cite news |author= |date=December 26, 2011 |title=Areva T&D board approves name change |url=https://economictimes.indiatimes.com/industry/energy/power/arvea-tampampd-board-approves-name-change/articleshow/11256469.cms?from=mdr |work=The Economic Times |access-date=December 1, 2022}}{{cite news |author= |date=June 9, 2010 |title=Alstom and Schneider Electric Close on Areva T&D Acquisition |url=https://www.power-technology.com/uncategorized/news87373-html/ |work=Power Technology |access-date=December 1, 2022}}
In 2016, Schneider acquired Tower Electric, a British company that manufactured fixings and fastenings for construction and electrical firms.{{citation needed|date=February 2023}} In 2017, Schneider Electric became the majority shareholder of Aveva, a provider of engineering and industrial software based in the UK.{{cite news |last1=Dummett |first1=Ben |last2=Kostov |first2=Nick |date=2017-09-05 |title=Schneider Electric Swoops for U.K. Software Firm Aveva |language=en-US |work=The Wall Street Journal |url=https://www.wsj.com/articles/schneider-electric-takes-control-of-u-k-software-firm-aveva-1504595207 |access-date=2019-03-15 |issn=0099-9660}}{{cite news |author= |date=September 21, 2022 |title=France's Schneider to buy rest of Aveva in $11 billion deal |url=https://www.reuters.com/markets/europe/frances-schneider-buy-remaining-aveva-shares-31-poundsshare-offer-2022-09-21/ |work=Reuters |access-date=December 1, 2022}} The next year, it acquired the Indian multinational Larsen & Toubro's electrical and automatic business in a cash deal for {{INRConvert|140|b}}.{{cite web |url=https://www.storifynews.com/schneiders-lt-acquisition-to-power-make-in-india-mission/ |title=Schneider's L&T Acquisition to Power 'Make In India' Mission {{!}} Storify News |date=2019-06-17 |language=en-US |access-date=2019-09-24}}
In February 2020, Schneider made a €1.4 billion takeover bid for German company RIB Software,{{cite news |date=14 February 2020 |title=Schneider Electric makes €1.4bn bid for German construction IT company |work=Global Construction Review |url=https://www.globalconstructionreview.com/schneider-electric-makes-14bn-bid-german-construct/ |access-date=30 July 2021}} closing the deal in July 2020.{{cite news |date=10 July 2020 |title=Schneider Electric a finalisé le rachat de RIB Software |work=Les Echos Investir |url=https://investir.lesechos.fr/actions/actualites/schneider-electric-a-finalise-le-rachat-de-rib-software-1917913.php |access-date=30 July 2021}} Also in 2020, Schneider Electric acquired ProLeiT AG, a supplier of industrial control and MES software.{{cite web |url=https://www.marketscreener.com/quote/stock/SCHNEIDER-ELECTRIC-SE-4699/news/Schneider-Electric-SE-s-Acquisition-of-ProLeiT-AG-30566848/ |title=Schneider Electric SE:'s Acquisition of ProLeiT AG: Marketscreener|date=8 May 2020 }}
In January 2023, Schneider Electric's acquisition of Aveva was finalized.{{Cite web |date=18 January 2023 |title=Schneider Electric: acquisition d'Aveva finalisée |url=https://www.boursorama.com/bourse/actualites/schneider-electric-acquisition-d-aveva-finalisee-67da07cf146803f965ee84259c2e921f |access-date=14 February 2023 |website=Boursorama}}
In November 2023, Schneider Electric finalized its acquisition of EcoAct, a company devoted to climate consulting and net-zero solutions.{{Cite web |title=Conseil environnemental : Schneider Electric a finalisé l'acquisition d'EcoAct |url=https://www.environnement-magazine.fr/politiques/article/2023/11/03/146465/conseil-environnemental-schneider-electric-finalise-acquisition-ecoact |access-date=3 November 2023 |website=Environment Magazine}}{{Cite web |title=Schneider Electric finalise l'acquisition d'EcoAct, spécialiste de la data sur l'environnement |url=https://www.larevuedudigital.com/schneider-electric-finalise-lacquisition-decoact-specialiste-de-la-data-sur-lenvironnement/ |access-date=3 November 2023 |website=La Revue du Digital|date=3 November 2023 }}{{Cite web |title=Conseil climatique: Schneider Electric finalise l'acquisition d'EcoAct |url=https://www.connaissancedesenergies.org/afp/conseil-climatique-schneider-electric-finalise-lacquisition-decoact-231102 |access-date=3 November 2023 |website=Connaissance des Energies|date=2 November 2023 }}
After 18 months in office, CEO Peter Herweck was removed by the board of directors and replaced with Olivier Blum in early November 2024.{{Cite web |title=Der Industrieriese Schneider schmeißt seinen deutschen Chef raus |url=https://www.faz.net/aktuell/wirtschaft/unternehmen/peter-herweck-industrieriese-schneider-schmeisst-deutschen-chef-raus-110088993.html |access-date=4 November 2024 |website=FAZ|date=4 November 2024 }}{{Cite web |title= Schneider Electric Removes One CEO, Hires A New One |url=https://www.crn.com/news/data-center/2024/schneider-electric-removes-one-ceo-hires-a-new-one| date= 5 November 2024| access-date= 29 June 2025}}
In December 2024, the company announced a partnership with Nvidia to design data center cooling systems.{{Cite web |date=December 4, 2024 |title=Schneider Electric working with Nvidia to design data center cooling systems |url=https://www.reuters.com/technology/schneider-electric-working-with-nvidia-design-data-center-cooling-systems-2024-12-04/ |website=Reuters}}
File:SE History-19cent-IC-900x500.jpg|1838: "La Gironde", the first French locomotive
File:Schneiderlogo1950.jpg|The Schneider logo in the 1950s
File:Telemecanique brochure.jpg|One of the first brochures for Telemecanique industrial control products. Telemecanique was acquired by Schneider Electric in 1988.
Acquisitions
| class="wikitable sortable" |
| Acquisition date
! Company ! Business ! Country ! {{Refh}} |
|---|
| {{dts|1988}}
| Manufacturer of electrical circuit breakers, switchgear, and sensors | France |
| {{dts|1991}}
| Square D | Manufacturer of electrical circuit breakers, switchgear, and transformers | USA |
| {{dts|1992}}
| Manufacturer of electrical circuit breakers and transformers | France |{{cite news |last=Bourbon |first=Jean-Claude |date=July 9, 2020 |title=Schneider takes another step into digital |url=https://www.la-croix.com/Economie/Schneider-fait-pas-numerique-2020-09-07-1201112679 |work=La Croix |access-date=February 15, 2023}}{{cite news |last=Lepetit |first=Bérangère |date=March 30, 2019 |title=Schneider Electric's "private and free" school has been training since 1930 |url=https://www.leparisien.fr/economie/formation-l-ecole-privee-et-gratuite-de-schneider-electric-forme-depuis-1930-30-03-2019-8042895.php |work=Le Parisien |access-date=February 15, 2023}} |
| {{dts|1997}}
| Modicon | Manufacturer of programmable logic controllers (PLC) | USA |
| {{dts|2001}}
| PDL | Domestic and industrial electrical hardware | New Zealand |{{cite news |date=22 June 2001 |title=Schneider completes PDL takeover |work=The New Zealand Herald |url=https://www.nzherald.co.nz/business/schneider-completes-pdl-takeover/E46YIJUK2J263AUZI7PS72EULE/ |access-date=10 April 2014}}{{cite web |title=Company |url=https://www.pdl.co.nz/about-us |access-date=10 April 2014 |publisher=Schneider-Electric}} |
| {{dts|2003|06}}
| TAC | Building automation and control | Sweden |
| {{dts|2004|03}}
| Kavlico | Pressure sensors | USA |
| {{dts|2004}}
| Clipsal | Wiring | Australia |
| {{dts|2005|06}}
| Lighting | USA |
| {{dts|2005|07}}
| BEI Technologies | Customized sensors | USA |
| {{dts|2006}}
| Merten | Ultra terminal | Germany |
| {{dts|2006}}
| Citect | SCADA system and MES automation software | Australia |
| {{dts|2007|02}}
| Power backup and protection and electrical distribution | USA |
| {{dts|2009|7}}
| Meher Capacitors | Power factor correction | India |
| {{dts|2010|3}}
| Zicom Security Systems | Security systems | India |
| {{dts|2010|4}}
| SCADAgroup | SCADA and control systems | Australia |
| {{dts|2010|12}}
| Areva T&D | Transmission & distribution |Europe |
| {{dts|2011|3}}
| Summit Energy | Energy management | USA |
| {{dts|2011|4}}
| Digilink | Network connectivity products | India |
| {{dts|2011|5}}
| APW President Systems | Enclosure systems | India |
| {{dts|2011|5}}
| Luminous | Power inverters | India |
| {{dts|2011|6}}
| Telvent | Real-time information management systems | Spain |
| {{dts|2011|12}}
| Viridity | Data center management software | USA |
| {{dts|2012|09}}
| Planning and scheduling software |Australia |
| {{dts|2014|01}}
| Invensys | Multinational engineering and information technology company |UK |
| January 2014
|Control systems |USA |
| July 2017
| ASCO | Transfer switches, power control systems, and industrial control products | USA |
| September 2017 (60% controlling stake)
|rowspan=2| Aveva Group |rowspan=2| Information-technology/consulting group |rowspan=2| UK |
| January 2023 (remaining shares) |
| November 2020
| ETAP | Electrical power systems software | USA |
| 2020
| AEC software | USA |
| 2020
| OSISoft | Industrial data software | USA |
| 2020
| Lauritz Knudsen E&A (Larsen & Toubro E&A) | Electrical and automation technology | India |
| January 2022
| Zeigo | Climate-tech platform | UK |
| June 2022
| EV Connect | Electric vehicle charging platform | USA |
| 2022
| Marketplace for solar panels | USA |
| 2022
| AutoGrid | Distributed energy resource management | USA |
| November 2023
| EcoAct | Climate consultancy and Nature-Based Solutions | France |
| October 2024
|Motivair |Liquid cooling and advanced thermal management solutions |USA |
See also
References
{{Reflist|30em}}
External links
{{Commons category}}
- {{Official website}}
- [https://blog.se.com/ Schneider Electric global blog]
- [https://eshop.se.com/in/ Schneider Electric eShop India]
{{Euro Stoxx 50 Companies}}
{{CAC 40 companies}}
{{Authority control}}
Category:Companies based in Île-de-France
Category:Companies in the Euro Stoxx 50
Category:Companies listed on Euronext Paris
Category:Conglomerate companies of France
Category:Electric transformer manufacturers
Category:Electrical engineering companies of France
Category:Electrical wiring and construction supplies manufacturers
Category:Electronics companies of France
Category:Locomotive manufacturers of France
Category:Manufacturers of industrial automation
Category:Multinational companies headquartered in France
Category:French companies established in 1836