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Schneider Electric SE — M&A Activity 2015
Dec 14, 2015
1651_iss_2015-12-14_2feefb64-2d52-4dd2-99f7-e7f122f30df9.pdf
M&A Activity
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Financial Information
Schneider Electric reaches Business to Kapsch TrafficCom AG reaches an agreement to sell its Transportation
Rueil-Malmaison (France), December 14 signed an agreement to sell its Transportation Business, worldwide, to Kapsch TrafficCom AG. 14, 2015 - Schneider Electric announces today that it one of the recognized AG. has providers of mobility
The Transportation Business is targeting the major cities, highways and infrastructure ope world. It offers a large scope of solutions and services in the areas of which make mobility more efficient, safe and sustainable. The business generated revenues of in FY2014. The Transportation Business is currently consolidated under the Schneider Electric. traffic, tolling, Infrastructure business of operators in the olling, tunnel and transit, €134m
The terms of the agreement reflect The sale of the Transportation Business and strengthen its focus on core businesses. The transaction would generate a of about €100m. Such loss/impairment Electric's 2015 dividend. a purchase price of about €35m on a cashis consistent with the Group's strategy to optimize its portfolio capital loss /impairment would be excluded from the basis of calculation for Schneider -free, debt-free basis. t loss/impairment
The agreement is conditioned upon the satisfaction of certain regulatory conditions and on other customary closing conditions. The transaction is expected to close in the coming months.
About Schneider Electric
Schneider Electric is the global specialist in energy management and automation. With revenues of FY2014, our 170,000 employees serve customers in over 100 countries, helping them to manage their and processes in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, software and services improve the way our customers manage and automate their operations. Our co lives. At Schneider Electric, we call this connected technologies will reshape industries, transform cities and enrich Life Is On. €25 billion in their energy nnected
Investor Relations Schneider Electric Anthony Song Tel: +33 (0) 1 41 29 83 29 Fax : +33 (0) 1 41 29 71 42 www.schneider-electric.com ISIN : FR0000121972
Press Contact : Schneider Electric Véronique Roquet Tel : +33 (0)1 41 29 70 76 Fax : +33 (0)1 41 29 88 14 Roquet-Montégon Press Contact : DGM Michel Calzaroni Olivier Labesse Phone : +33 (0)1 40 70 11 89 Fax : +33 (0)1 40 70 90 46