Representative End User Clients
Representative Automation Clients
Representative Software Clients
The move consolidates Schneider Electric’s position in its third-largest market as it accelerates investment and manufacturing expansion in India.
Schneider Electric announced that it will acquire Temasek’s 35 percent stake in its Indian joint venture for $6.4 billion in cash. The acquisition will give the French electrical equipment company full ownership of Schneider Electric India.
This marks a significant milestone in the company’s ongoing commitment to India, one of its four global hubs. With 31 factories and an equal number of distribution centers across the country, Schneider Electric has steadily increased its operational footprint in the region. The company had previously acquired 65 percent of the business in 2020 from Indian infrastructure firm L&T, which was its largest acquisition in the country to date.
The full buyout is expected to help streamline operations and accelerate decision-making in what is now Schneider Electric’s third-largest market. In a statement, the company described the deal as “the logical next step” in its multi-hub strategy, calling India both a high-potential domestic market and a strategic manufacturing base.
Looking ahead, Schneider Electric plans to expand its capacity in India by 2.5 to 3 times. It also anticipates a compound annual growth rate (CAGR) in double digits for its Indian business in the coming years. In 2024, total sales across Schneider Electric’s Indian subsidiaries reached $2.9 billion, contributing around 7 percent to the group’s overall revenues.
Follow ARC Advisory Group for the latest trends in sustainability, automation, and next generation technology.