Schneider Electric SE — M&A Activity 2025

Feb 28, 2025

Schneider Electric completes transaction to acquire Motivair Corporation

Rueil-Malmaison (France), February 28, 2025 – Schneider Electric, the global leader in the digital transformation of energy management and automation, announces that further to an agreement signed on October 16, 2024, it has now completed the previously announced transaction to acquire a controlling interest in Motivair Corporation ("Motivair"), a company specialized in liquid cooling and advanced thermal management solutions for high performance computing systems.

Under the terms of the transaction, Schneider Electric has acquired an initial 75% controlling interest in the equity of Motivair. The Group expects to acquire the remaining 25% of non-controlling interests in 2028.

Motivair will be reported within the Energy Management business of Schneider Electric.

About Schneider Electric:

Schneider's purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On.

Our mission is to be the trusted partner in Sustainability and Efficiency.

We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers.

We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all. www.se.com

Investor Relations Schneider Electric Amit Bhalla Tel: +44 20 4557 1328 www.se.com ISIN : FR0000121972

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