TBG, a private holding company, completed the acquisition of DTN, a US-based data-software business, from Schneider Electric, a French power-equipment supplier, for $900m. “The acquisition of DTN is very important for TBG as we have a deep understanding of the SaaS (software as a service) business with decades of experience supporting such solutions. We are fully committed to the DTN business over the long term and our plan is to facilitate DTN’s strategic and commercial expansion around the globe," Jerre Stead, DTN Chairman.