SCHNEIDER ELECTRIC (EPA:SU) - Schneider Electric, partnering with Temasek, continues the process with Indian Competition Commission on proposed combination of its Indian Low Voltage & Industrial Automation Products and L&T Electrical & Automation business
Transparency directive : regulatory news
19/11/2018 22:00
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Financial informationSchneider Electric, partnering with Temasek, continues the process with Indian
Competition Commission on proposed combination (1) of its Indian Low Voltage &
Industrial Automation Products and L&T Electrical & Automation business
Rueil-Malmaison (France), 19 November 2018 - Following the announcement made
May 1st, 2018 on the proposed Combination, Schneider Electric today confirms
that, in line with the expected timelines of the process, the Indian
Competition Commission has initiated process for further review of the proposed
Combination. Schneider believes that the proposed Combination is highly
beneficial to consumers across India as well as for the Indian economy, and
will continue to work with the Indian Competition Commission in the following
months as part of this review process.
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Schneider Electric is leading the Digital Transformation of Energy Management
and Automation in Homes, Buildings, Data Centers, Infrastructure and
Industries. With global presence in over 100 countries, Schneider is the
undisputable leader in Power Management - Medium Voltage, Low Voltage and
Secure Power, and in Automation Systems. We provide integrated efficiency
solutions, combining energy, automation and software. In our global Ecosystem,
we collaborate with the largest Partner, Integrator and Developer Community on
our Open Platform to deliver real-time control and operational efficiency. We
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(1) " the proposed Combination "
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