Schneider Electric Completes Investment in ETAP

Author photo: Craig Resnick
ByCraig Resnick
Category:
Acquisition or Partnership

Further to the announcement made on 16th November 2020, Schneider Electric announced that it has successfully completed the transaction to purchase a controlling stake in Operation Technology Inc. (“ETAP”). ETAP will be consolidated within the Energy Management business.

The ETAP investment completes Schneider Electric’s existing software portfolio for electricity power systems. Its technology will be integrated in Schneider Electric’s cloud-based platform for the design and operation of mission-critical power systems using vendor-agnostic software-driven modelling, design, real-time predictive simulation and operation solutions. This will help deliver end-to-end lifecycle digitalization and bring enhanced efficiency, sustainability and resiliency to a broader audience and customer base.

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