Schneider Electric to acquire the remaining 35% stake in Schneider Electric India from Temasek for €5.5bn.

Schneider Electric, a digital automation and energy management company, agreed to acquire the remaining 35% stake in Schneider Electric India from Temasek, an investment company, for €5.5bn. "India is one of the key focus markets of Schneider Electric for the years to come and I am very excited by the prospect to capture the full growth potential of this unique opportunity we have in the country and also to leverage our exceptional talents in R&D, Digital and supply-chain in India to support our operations in the region and beyond," Olivier Blum, Schneider Electric CEO.