Schneider Electric to Fully Acquire Indian Joint Venture, Reinforcing India Hub Strategy
#SchneiderElectric #Automation #Acquisition #SEIPL“India is one of the key focus markets of Schneider Electric for the years to come and I am very excited by the prospect to capture the full growth potential of this unique opportunity we have in the country and also to leverage our exceptional talents in R&D, Digital and supply-chain in India to support our operations in the region and beyond.” - Olivier Blum, Chief Executive Officer, Schneider Electric
August 2025 : Schneider Electric, a global leader in the digital transformation of energy management and automation, recently announced it has signed an agreement to acquire the remaining 35 percent stake in Schneider Electric India Private Limited (SEIPL) from Temasek. This acquisition will bring Schneider Electric to full ownership of SEIPL for an all-cash consideration of €5.5 billion. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the coming quarters.
This move represents a logical next step in Schneider Electric’s strategic investment focus on India. The country is recognized as both an attractive domestic growth market and a key hub in the company's multi-hub strategy, serving as an R&D and supply chain platform for the region, other emerging markets, and beyond. Full ownership of SEIPL is expected to support faster decision-making for India as a critical hub.
India is currently the world’s fourth-largest economy, with an expected GDP growth above 6 percent in the coming years. Schneider Electric is committed to supporting this expansion, leveraging its unique setup in India and aligning with government programs like “Digital India” and “Make in India.” The company anticipates double-digit CAGR organic sales growth for SEIPL in the coming years and plans to expand its capacity in India by 2.5 to 3 times.
The initial transaction in 2018 involved partnering with Temasek to jointly acquire the Electrical and Automation business of Larsen and Toubro Limited (L&T E&A), which was then combined with Schneider Electric India’s Low Voltage and Industrial Automation Products business. L&T E&A has since been rebranded as Lauritz Knudsen. India has delivered strong revenue and margin growth since the initial acquisition, becoming the third largest market for the Group and one of its four global hubs. In 2024, SEIPL had statutory revenues of €1.8 billion (including export sales), with total sales in India reaching €2.5 billion across subsidiaries.
Olivier Blum, Chief Executive Officer, Schneider Electric, commented: “We are pleased to announce this transaction and I would like to thank Temasek for their partnership that was instrumental to the success of Schneider Electric India Private Limited since the original acquisition of L&T E&A. India is one of the key focus markets of Schneider Electric for the years to come and I am very excited by the prospect to capture the full growth potential of this unique opportunity we have in the country and also to leverage our exceptional talents in R&D, Digital and supply-chain in India to support our operations in the region and beyond.”
Chia Song Hwee, Deputy Chief Executive Officer, Temasek, added: “Our partnership with Schneider Electric reflects our belief that partnerships can create long-term value through complementary strengths and a shared vision. We deeply value and thank Schneider Electric for their invaluable collaboration. We have been privileged to journey alongside Schneider Electric India Private Limited and we look forward to seeing them grow as a leading franchise in India.”
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