Schneider Electric to acquire an additional 55% stake in Planon.

Schneider Electric, a provider of digital transformation of energy management and automation, agreed to acquire an additional 55% stake in Planon, a provider of smart sustainable building management software. Financial terms were not disclosed. With revenues of €161m in 2023, Planon has achieved a revenue CAGR of +22% in the past four years, since 2019, having achieved a double-digit revenue CAGR in the preceding five years up to 2019. Since making the initial strategic minority investment in 2020, Planon offers have in several instances proven to be highly complementary alongside Schneider’s Energy Management offers for smart buildings.