#Luminous electric llc software#

The next year, it acquired the Indian multinational Larsen & Toubro's electrical and automatic business in a cash deal for ₹140 billion (US$1.8 billion).

#Luminous electric llc software#

In 2017, Schneider Electric became the majority shareholder of Aveva, a provider of engineering and industrial software based in the UK. In 2016, Schneider acquired Tower Electric, a British company that manufactured fixings and fastenings for construction and electrical firms. In June of 2010, Schneider and the rolling stock manufacturer Alstom jointly purchased Areva's transmission and distribution businesses in a transaction totaling $2.73 billion. The following February, the move was finalized following its approval by the European Commission. In October 2006, Schneider Electric announced that it would acquire the data center equipment manufacturer American Power Conversion for $6.1 billion. Later that year, the company renamed itself Schneider Electric, to reflect its focus on the electricity sector. In January of 1999, Schneider acquired the Scandinavian switch-maker Lexel. These acquisitions included Télémécanique in 1988, Square D in 1991, and Merlin Gerin in 1992. In the 1980s and 1990s, the company, once again operating under the Schneider name, divested from steel and shipbuilding and, through strategic acquisitions, began to focus on the electricity sector. In 1981, the Empain family sold its controlling stake to Paribas. In the 1960s, following the death of Charles Schneider, Schneider-Creusot was absorbed by Belgium's Empain group, which merged Schneider-Creusot with its own corporate structures to form Empain-Schneider. Schneider Electric is the parent company of Square D, APC, and others. In fiscal year 2022, the company posted revenues of €34.2 billion. Schneider Electric is a Fortune Global 500 company, publicly traded on the Euronext Exchange, and is a component of the Euro Stoxx 50 stock market index. It addresses homes, buildings, data centers, infrastructure and industries, by combining energy technologies, real-time automation, software, and services. Schneider Electric SE is a French multinational company that specializes in digital automation and energy management.

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