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    Schneider is entering a new phase of development

    Schneider recently acquired Schyller s.r.l, an Italian company and PDS (Power Distribution Services Inc.) an American company. Theses acquisitions underscore Schneider’s objectives to improve its positions in Europe and North America and strengthen its offering and its services.

    > In Europe
    In Italy, Schneider acquired Schyller s.r.l, a company focused on the design, manufacture and sale of 16 to 125 A industrial plugs and sockets .
    This acquisition will enable Schneider to extend its product offering for the construction market. Plugs and sockets are an essential addition to the current offering of enclosures, control panels and modular circuit breakers. This acquisition will also enhance Schneider's entire European offering.
    Schyller s.r.l, which is located in Lecco in the North of Italy, employs 70 people and generates sales of 60 million francs (50% in Italy and 50% export).

    In Europe (excluding France), Schneider sales totaled FF 14.4 billion in 1997, up 5.2% at constant scope of consolidation and 2.1% at constant exchange rates.

    > In North America
    In the U.S., Schneider strengthened its Services Business with the acquisition of PDS (Power Distribution Services Inc.) whose sales reached US$ 24 million in 1997.
    PDS is well known as a high quality service and solutions provider in the electrical distribution marketplace. Their specialities include preventive maintenance, retrofit of medium and low voltage circuit breakers, transformer maintenance, system testing and Engineering Services.
    With 155 employees, PDS headquarters is located north of Cincinnati in West Chester (Ohio). They operate satellite facilities in Birmingham, Mobile, Lakeland, Flint, Cleveland and plan to open in Atlanta, Raleigh and New York.
    With this acquisition, the services business of Schneider in North America has more than 650 people who provide high quality support services in the U.S. and Canada.

    In North America, 1997 was another year of strong growth for Schneider. Sales reached FF 13.9 billion, representing a 20.3% gain at constant scope of consolidation compared to the previous year and 5.5% at constant exchanges rates.