SCHNEIDER ELECTRIC (EPA:SU) - Schneider Electric in exclusive negotiations on the sale of Pelco

Transparency directive : regulatory news

25/03/2019 08:29

Financial information

Schneider Electric in exclusive negotiations on the sale of Pelco

Rueil-Malmaison (France), March 25, 2019: Schneider Electric has entered
exclusive negotiations with Transom Capital Group, a U.S.-based private equity
firm, regarding the sale of its Pelco business unit.

Pelco is a global specialist in the design, development, and delivery of
trusted end-to-end video surveillance solutions and services including cameras,
recording and management systems software. It generated revenues of EUR169m in
2018 and employs 478 people. It is currently reported under the Energy
Management business of Schneider Electric. The proposed transaction follows the
strategic review announced in Schneider Electric's 2018 results on assets
totalling EUR1.5-2 billion of revenues, as the Group continues to focus its
activities on core energy management and industrial automation offerings.

The proposed transaction is subject to the consultation of the relevant work
councils and would be finalized upon the successful completion of this process.
Based on current terms, it would trigger a non-cash loss on disposal of up to
EUR250m, the net impact of which would be excluded from the net income used for
dividend calculation. The transaction would be accretive by c.+10bps to the
Group adjusted EBITA margin on a full year basis.

About Schneider Electric

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
believe that great people and partners make Schneider a great company and that
our commitment to Innovation, Diversity and Sustainability ensures that Life Is
On everywhere, for everyone and at every moment.www.schneider-electric.com

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Investor Relations
Schneider Electric
Amit Bhalla
Tel: +44 20 7592 8216
www.schneider-electric.com
ISIN : FR0000121972

Press Contact :
Schneider Electric
Véronique Luneau (Roquet-Montégon)
Tel : +33 (0)1 41 29 70 76
Fax : +33 (0)1 41 29 88 14

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Michel Calzaroni
Olivier Labesse
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Fax : +33 (0)1 40 70 90 46

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SCHNEIDER ELECTRIC (EPA:SU) - Schneider Electric in exclusive negotiations on the sale of Pelco

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