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Schneider Electric SE M&A Activity 2020
1651_iss_2020-08-04_369026c5-da96-4f01-a8c7-3f1ef20a2316.pdf
M&A Activity
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SCHNEIDER ELECTRIC FINALIZES ACQUISITION OF PROLEIT, ENHANCING THE GROUP OFFERING ON CONSUMER PACKAGED GOODS SEGMENT
Rueil-Malmaison (France), August 4, 2020 –Schneider Electric, the global leader in digital transformation of energy management and automation, announces today that it has finalized the acquisition of ProLeiT, that was announced together with the Group's Q1 results on April 23, 2020.
This bolt-on acquisition enhances Schneider Electric's offering in the Consumer Packaged Goods segment with a specific focus on Food & Beverage, Chemical and Lifesciences. ProLeiT is headquartered in Germany and recorded revenues of around Euro 50million in 2019. The ProLeiT offer of Industrial Automation Process Control will be integrated into the Group's EcoStruxure Plant offering (within its Industrial Automation business) and will seamlessly communicate with AVEVA software to add value for customers.
Peter Herweck, Schneider Electric's Executive Vice President, Industrial Automation, commented: "with the acquisition of ProLeiT, we're reinforcing our presence in automation solutions for CPG segment – an industry with good growth perspectives across the economic cycles. We warmly welcome ProLeiT within Schneider Electric".
Wolfgang Ebster, ProLeiT's CEO/CFO, commented: "Bringing ProLeiT and Schneider Electric together, it's a great opportunity to develop software business through new channels. We're very proud to join Schneider Electric, a partner with a strong strategic fit and who shares our vision, mentality and values which are attractive for our customers and our employees".
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Investor Relations Schneider Electric Amit Bhalla Tel: +44 20 7592 8216 www.se.com ISIN : FR0000121972
Media Relations Schneider Electric Véronique (Luneau) Roquet-Montegon Tel: +33 1 41 29 70 76 [email protected]
Financial Information
About Schneider Electric
At Schneider, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment.
We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries.
We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values.
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Investor Relations Schneider Electric Amit Bhalla Tel: +44 20 7592 8216 www.se.com ISIN : FR0000121972
Media Relations Schneider Electric Véronique (Luneau) Roquet-Montegon Tel: +33 1 41 29 70 76 [email protected]