“Market Cap $50.74 B As of May 2014
At a Glance
- Industry: Electrical Equipment
- Founded: 1846
- Country: France
- CEO: Jean-Pascal Tricoire
- Website: www.schneiderelectric.com
- Employees: 163,033
- Sales: $31.27 B
- Headquarters: Rueil-Malmaison
#196 Global 2000
- #295 in Sales
- #261 in Profit
- #466 in Assets
- #195 in Market value
Schneider Electric SA engages in electrical distribution and manufactures industrial engineering equipment. The company operates through the following business segments: Power, Infrastructure, Industry, Information Technology and Buildings. The Power segment offers medium and low voltage, installation systems and control, renewable energies, utilities, oil and gas. Its activities include transfer of medium voltage to the energy business. The Infrastructure segment combines all medium voltage. The Industry segment supplies automation and control, water treatment, mining, minerals and metals. The Information Technology segment provides critical power and cooling services, data centers and financial services. The Buildings segment comprises building automation and security, hotels, hospitals, offices and retail buildings. Its electrical distribution equipment includes circuit breakers, switches, sockets, lighting and heating control systems. The company was founded by Adolphe Schneider and Joseph-Eugéne Schneider in 1836 and is headquartered in Rueil-Malmaison, France.“
“Schneider Electric 170 years of history
- 1836: The Schneider brothers took over the Creusot foundries. Two years later, they created Schneider & Cie..
- 1891: Having become an armaments specialist, Schneider innovated by launching itself into the emerging electricity market.
First half of the 20th century
- 1919: Installation of Schneider in Germany and Eastern Europe via the European Industrial and Financial Union (EIFU).
In the years that followed, Schneider associated with Westinghouse, a major international electrical group. The Group enlarged its activity to manufacturing electrical motors, electrical equipment for power stations and electric locomotives.
- Post war: Schneider gradually abandoned armaments and turned to construction, iron and steel works and electricity. The company was completely reorganised in order to diversify and open up to new markets.
Late 20th century
- 1981-1997: Schneider Group continued to focus on the electrical industry by separating from its non-strategic activities. This policy was given concrete form through strategic acquisitions by Schneider Group: Telemecanique in 1988, Square D in 1991 and Merlin Gerin in 1992.
- 1999: Development of Installation, Systems and Control with the acquisition of Lexel, Europe’s number two in electrical distribution. In May 1999 the Group was renamed Schneider Electric, to more clearly emphasise its expertise in the electrical field. The Group engaged in a strategy of accelerated growth and competitiveness.
Early 21st century
- 2000-2009: Period of organic growth, positioning itself in new market segments: UPS (uninterruptible power supply), movement control, building automation and security through acquisitions of APC, Clipsal, TAC, Pelco, Xantrex, becoming the global specialist in energy management.
- 2010: Schneider Electric strengthens its lead in the development of the Smart Grid, with the acquisition of the distribution activities of Areva T&D.
- 2011: Schneider Electric acquires leading software firm Telvent to reinforce its solution capability for the smart grid and mission-critical infrastructure”
*Information from Forbes.com and Schneiderelectric.com
**Video published on YouTube by “SchneiderCorporate“