Kalpana Kalpana (Editor)

Schneider Electric

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Type
  
Societas Europaea

Founder
  
Eugène Schneider

Customer service
  
1800 103 0011

Traded as
  
Euronext: SU

Area served
  
Worldwide

Headquarters
  
Rueil-Malmaison, France

Schneider Electric httpslh4googleusercontentcomcCn5kmSUYHQAAA

Industry
  
Energy management and automation

Founded
  
1836; 181 years ago (1836) (incorporated 1981)

Stock price
  
SU (EPA) € 67.23 +0.04 (+0.06%)24 Mar, 10:08 AM GMT+1 - Disclaimer

CEO
  
Jean-Pascal Tricoire (May 2006–)

Subsidiaries
  
Square D, Télémécanique

Profiles

Schneider electric s home automation solutions


Schneider Electric SE is a European multinational corporation that specialises in energy management and automation solutions, spanning hardware, software, and services. Native of France, the company is headquartered in Rueil-Malmaison and is also based at the World Trade Center of Grenoble with offices throughout the world. A Fortune Global 500 company, Schneider Electric is publicly traded on the Euronext Exchange and is a component of the Euro Stoxx 50 stock market index. In FY2016, the company posted revenues of about €25 billion.

Contents

Schneider Electric is the parent company of Square D, Pelco, APC and others. As of 2016, the company has 20,000 patents either active or in application worldwide; the company has over 160,000 employees in approximately 100 countries worldwide.

Head office

Schneider Electric has had its head office in the Trianon site in Rueil-Malmaison, France since 2000. The current headquarters, also located in Rueil Malmaison and known as the Hive, previously housed Schneider subsidiary Télémécanique, while the parent company occupied a site in Boulogne-Billancourt.

History

The roots of this company are in the iron, steel, and armaments factories of Schneider-Creusot and other industrial concerns. In 2014 Schneider Electric advertised a cooperation with German power supplier RWE. From its 19th century beginnings in steel through its 20th and 21st century moves in electricity and energy management, Schneider Electric has grown into a global leader in energy management and automation through ongoing innovation and acquisition.

1836-1980: A Family Business Becomes a Major Player

1836: Brothers Adolphe and Joseph-Eugene Schneider take over an abandoned foundry in Le Creusot, France and, two years later, create Schneider & Cie, focusing primarily on the steel industry. Schneider & Cie grows rapidly, specializing in the production of heavy machinery and transportation equipment, and eventually becomes the Schneider Group, a diversified conglomerate.

1975: The Schneider Group acquires an interest in Merlin Gerin, one of the top manufacturers of electrical distribution equipment in France.

1981-2001: The Schneider Group Re-focuses on the Electricity Sector

1981-1997: Schneider Group re-focuses on the electrical industry by divesting its nonstrategic assets and undertakes a series of strategic acquisitions: Télémécanique in 1988, Square D in 1991 and Merlin Gerin in 1992.

1999: Schneider Group acquires Lexel, one of Europe's largest suppliers of installation systems and control solutions. In May 1999, the Schneider Group is renamed Schneider Electric to clearly identify its expertise in, and focus on, the electrical field.

Since 2002: A Strategic Transformation

At the turn of the 2000s, Schneider Electric adopts a three-pronged strategy to drive growth, diversify risk and promote longevity:

  • Ensure a more balanced exposure to its strategic end markets;
  • Enhance its legacy portfolio (electricity distribution, automation, and industrial control) with adjacent and synergistic businesses; and
  • Anticipate the future energy requirements of companies and individuals.
  • This strategy led Schneider Electric to conduct a number of strategic acquisitions both in mature countries and in new economies, targeting companies offering complementary products and solutions.

    References

    Schneider Electric Wikipedia


    Similar Topics