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Schneider Electric SE M&A Activity 2020

Jul 10, 2020

1651_iss_2020-07-10_d08959e0-444a-4d77-8c7d-dfd5494d98f1.pdf

M&A Activity

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Schneider Electric completes transaction for voluntary public takeover of RIB Software

Rueil-Malmaison (France), July 10, 2020 – Schneider Electric, the global leader in digital transformation of energy management and automation, today announced the successful completion of the voluntary public takeover offer for all outstanding shares (ISIN: DE000A0Z2XN6) of RIB Software SE ("RIB").

All closing conditions have been fulfilled, including CFIUS approval received on July 2, 2020, and the settlement of the voluntary public tender offer will be concluded today. RIB will be consolidated in Schneider Electric's accounts as part of the Energy Management business.

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.