Connect - Schneider Electric
Connect - Schneider Electric
Connect - Schneider Electric
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2011 in brief<br />
Growth and acquisitions<br />
Acquisition of Telvent<br />
On June 1, 2011, <strong>Schneider</strong> <strong>Electric</strong> announced the signing of a<br />
defi nitive agreement related to the acquisition, through a public<br />
offer of Telvent GIT SA (“Telvent”), a leading solution provider<br />
specializing in high value-added IT software and solutions for real-<br />
time management of mission critical infrastructure in the fi elds of<br />
electricity, oil & gas, water and transportation. By acquiring Telvent,<br />
<strong>Schneider</strong> <strong>Electric</strong> integrates a high value-added software platform<br />
that presents a good fi t with its own range in fi eld device control<br />
and operation management software for the smart grid and<br />
effi cient infrastructures. The Group also doubles its overall software<br />
development competencies and enhances its IT integration and<br />
software service capability, including weather services. <strong>Schneider</strong><br />
<strong>Electric</strong> made a cash tender offer for all of Telvent’s shares at a<br />
price of USD40 per share, which represents a premium of 36% to<br />
Telvent’s average share price over the last three months. This offer<br />
has successfully been completed on August 30, 2011 .<br />
Automation and Control<br />
On June 9, 2011, <strong>Schneider</strong> <strong>Electric</strong> announced the signature<br />
of an agreement to acquire Leader Harvest Power Technologies<br />
Holdings Limited (“Leader & Harvest”), one of the leading<br />
players in the fast-growing medium voltage drives market in<br />
China. Headquartered in Beijing, Leader & Harvest develops,<br />
manufactures and commercialises medium voltage (MV) variable<br />
speed drives. The company employs over 750 people and has an<br />
extensive inhouse nationwide sales and service support network<br />
across 30 provinces. With an annual growth rate in excess of 20%<br />
in the past few years, the company is expected to generate sales<br />
of approximately USD150 million (approx. EUR100 million) for<br />
2011. Leader & Harvest’s range represents an excellent addition<br />
to <strong>Schneider</strong> <strong>Electric</strong>’s industrial automation range of products and<br />
solutions. Medium voltage drives are a key element of energy effi cient<br />
solutions to our key target segments of mining, minerals & metals<br />
and water & waste water.<br />
Low voltage<br />
On July 21, 2011, <strong>Schneider</strong> <strong>Electric</strong> announced it has entered into<br />
a partnership with NVC Lighting Holding Limited (“NVC Lighting”) to<br />
speed up its market penetration in smaller cities in China via NVC<br />
Lighting’s well established diffused channels. The partnership will<br />
give <strong>Schneider</strong> <strong>Electric</strong> an exclusive access to diffused channels<br />
and bring forth strong revenue synergies. NVC Lighting has a solid<br />
presence in China with broad diffused channels and extensive retail<br />
management experience. It has the access to over 3,000 retail<br />
outlets, half of which are located in smaller cities and townships.<br />
On July 22, 2011, <strong>Schneider</strong> <strong>Electric</strong> announced the signature of<br />
an agreement to acquire the bresilian group Steck Da Amazonia<br />
Industria <strong>Electric</strong>a Ltd. and affi liates (“Steck Group”), a key player<br />
(950 employees, about BRL180 million (approx. EUR80 million)<br />
in 2011) in the fast growing fi nal low voltage segment serving the<br />
residential and commercial buildings and industries in Brazil. The<br />
transaction will enable <strong>Schneider</strong> <strong>Electric</strong> to broaden its product<br />
2011 IN BRIEF<br />
portfolio and market access and hence provide an opportunity to<br />
expand its presence in new economies, particularly in Latin America.<br />
Critical Power & Cooling<br />
On January 7, 2011, <strong>Schneider</strong> <strong>Electric</strong> announced the signature<br />
of an agreement to acquire a majority of the shares in APW<br />
President Systems Ltd. which designs and manufactures standard<br />
and customized racks and enclosure systems in India, serving<br />
in particular information technology and telecom end-users.<br />
APW President Systems Ltd. has approximately 380 employees<br />
and generated sales of INR1.08 billion (approx. EUR17 million)<br />
for the twelve months ending September 30, 2010. With APW<br />
President Systems Ltd., <strong>Schneider</strong> <strong>Electric</strong> is well positioned to<br />
capture opportunities in the fast growing Indian IT infrastructure<br />
market as well as in international markets, particularly in Asia Pacifi c<br />
and Middle East. The Group will also be able to tap the talent pool<br />
and increase its solutions execution capabilities from server rooms<br />
to extra large data centres.<br />
On March 31, 2011, <strong>Schneider</strong> <strong>Electric</strong> announced the signature of<br />
an agreement to acquire from Smartlink Network Systems Ltd. the<br />
assets of the Indian company Digilink business, one of the leading<br />
structured cabling systems providers in India. Headquartered in<br />
Mumbai, the Digilink business has 92 employees and generated<br />
sales of about INR1.55 billion (approx. EUR25 million) in calendar year<br />
2010. With this acquisition the Group will be able to gain access to<br />
Digilink’s well-established distribution network in the retail sector which<br />
complements its presence in enterprise segments and will generate<br />
signifi cant cross-selling opportunities for its Power and IT products.<br />
On April 4, 2011, <strong>Schneider</strong> <strong>Electric</strong> announced the signature of<br />
an agreement to acquire in the United States Lee Technologies, a<br />
leading service provider for the data centres of the North American<br />
market. Headquartered in Fairfax, Virginia, Lee Technologies has<br />
over 300 employees and generated sales of about USD140 million<br />
(approx. EUR104 million) in 2010. Lee Technologies brings to<br />
<strong>Schneider</strong> <strong>Electric</strong> capabilities ranging from consulting, site<br />
assessment, design, equipment specifi cation and selection to<br />
integration, commissioning, facility operations staffi ng, maintenance<br />
and proactive 24x7 remote monitoring. This full repertoire of<br />
services will reinforce <strong>Schneider</strong> <strong>Electric</strong>’s IT business skills in data<br />
centre management and its ability to provide data centres, one<br />
of the world’s fastest growing end-users of energy, with the best<br />
standards in energy conservation and reliability.<br />
On May 30, 2011, <strong>Schneider</strong> <strong>Electric</strong> announced the signature of<br />
an agreement to acquire 74% of Luminous Power Technologies<br />
Pvt. Ltd., a market leader in India that provides inverters, UPS and<br />
power storage systems to help homes and small and medium sized<br />
businesses face frequent power cuts. Luminous is a leading player<br />
in the around EUR800 million Indian inverter and power storage<br />
market that is growing at more than 20% a year. Luminous has<br />
a strong presence in India and employs approx. 3,000 people in<br />
8 different industrial sites in India and 1 in China. It has generated<br />
revenues of INR11.0 billion (approx. EUR170 million) for the fi scal<br />
year ending March 2011.With Luminous, <strong>Schneider</strong> <strong>Electric</strong> will<br />
become the leader in the Indian inverters and secured power<br />
market and gain access to a complementary retail network.<br />
2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC<br />
11