Schneider Electric announces the launch of its friendly take over bid on Japanese Group Digital Electronics, the World Leader in Human Machine Interface
Schneider Electric launches its take over bid on Digital Electronics, further to the completion of Due Diligence. This transaction remains subject to reaching a minimum stake of 66.7%. It is reminded that Digital Electronics management will contribute to the offer its 35% stake in the company.
Digital Electronics Corp., which is based in Osaka, Japan, is the worldwide specialist of Human Machine Interface, generating around 200 M€ in sales in 2002 with 1 100 employees. It holds leading market positions in Japan, Korea, the United States and Europe.
The Human Machine Interface business encompasses all the electronic devices enabling dialog between operators and the industrial process (such as Industrial PCs, graphic panels and touch screens, etc...).
Human Machine Interface integrates a growing number of automation functions and is a key part of networked web-based architecture. For Schneider Electric, the reinforcement of these activities will accompany the development of its innovative Transparent ReadyTM concept for all markets.
The acquisition of Digital Electronics will provide Schneider Electric with a key entry point to the high growth market of Human Machine Interface. It will also provide more open access to the industry market of machine manufacturers, particularly the Japanese manufacturers.
This acquisition is in line with the strategy of selective acquisitions aimed at pushing back the group’s limits.
> Digital Electronics: key figures
(*) assumes 1 EUR = 115 JPY
> Digital Electronics: breakdown of sales
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Schneider Electric is the world specialist in power and control. Through its international brands : Merlin Gerin, Modicon, Square D and Telemecanique, Schneider Electric satisfies and anticipates its customers’ needs in the energy, building, industry and infrastructure markets.
In 2001, Schneider Electric generated sales of 9.8 billion euros via 9000 sales outlets in 130 countries.
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