New acquisitions in electrical distribution
Schneider Electric pushes back its borders with new acquisitions in electrical distribution in France, Germany, India, and the United States
> Schneider Electric now has a full final low voltage lineup in Germany.
Schneider Electric has acquired May & Steffens GmbH&Co KG, a company that manufactures final low voltage distribution switchboards for the German commercial and residential markets. These products, which will provide considerable leverage for sales of Multi 9-type low voltage switchgear, will now be sold under the Merlin Gerin name.
> Schneider Electric extends its reach in low voltage power in the US.
Square D, Schneider Electric’s US subsidiary, has acquired EFI Electronics, a surge suppression specialist listed on the NASDAQ Small-Cap Market. EFI Electronics recorded sales of EUR 13.8 million in 1999 and has 80 employees.
> Schneider Electric steps up its growth in the French medium voltage market.
Schneider Electric has acquired Bardin, the world leader in fault detectors for medium voltage distribution networks. Bardin has an excellent reputation with customers thanks to its leading-edge product range. As a result, the Bardin brand has become a generic name for fault detectors.
Based in Boulogne Billancourt, France, Bardin generates sales of EUR 11 million and has 80 employees. The Company’s growth is driven by export sales, which are rising by 20% a year.
> Schneider Electric expands in miniature circuit breakers in India.
Schneider Electric has acquired the miniature circuit-breaker business of S&S Power Switchgear Ltd., an Indian company involved in medium and low voltage electrical distribution.
S&S Power Switchgear (sales of FF 17.2 million) has a plant near Madras with 170 employees. Its 130 distributors will extend Schneider Electric India’s existing network.