Schneider Electric

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Schneider Electric
Type Public (Euronext: SU)
Founded 1836, incorporated 1981
Headquarters Flag of France Paris, France
Key people Jean-Pascal Tricoire, Chairman & CEO
Pierre Bouchut CFO
Dave Petratis, President (USA)
Christian Wiest, President (Europe)
Russell Stocker, President (Asia Pacific)
Industry Electricity management
Automation management
Products Programmable logic controllers, Sensors, Drives, UPS, Breakers, Switchgear, Switchboard, MCC
Revenue ▲ € 17.3 billion (2007)[1]
Operating income ▲€ 2,562 billion (2007)[1]
(14.8% operating margin[2])
Net income ▲€ 1,583 billion (2007)[1]
(10.4% profit margin[2])
Employees 120 000 (2007)[2]
Subsidiaries American Power Conversion
BEI Technologies
Citect
Clipsal Asia
Juno Lighting
Merlin Gerin
Merten
Nulec Industries
Square D
Telemecanique
Power Measurement
Federal Pioneer
Modicon PLC
ELAU
PDL Group
Website www.schneider-electric.com

Schneider Electric (Euronext: SU) is a French global company. It was founded in 1836 by two brothers, Eugène I and Adolphe Schneider, who took over a troubled foundry at Le Creusot. They initially started working on weapons and armaments, but in 1891 they began to exploit the new electricity market.

In the first part of the 20th century, Schneider et Cie associated itself with Westinghouse Systems who were a major international electrical group at the time. The group began manufacturing electric motors and locomotives. After the Second World War, the armaments businesses were abandoned in favor of electrical engineering, and iron and steel works. The company remained in this sector until the early 1980s.

In 1981, Groupe Schneider separated, focusing on the electrical and controls industry. This was followed by strategic acquisitions of Telemecanique (1988), Square D (1991) and Merlin Gerin (1992) and it is these brands that are the core products of the company's offering.

In 1999, Groupe Schneider was renamed Schneider Electric. The Schneider company also acquired The Rexell Group that year.

Today, the company has grown into a world leader in Power and Control solutions through further acquisitions: Power Measurement in 2005, MGE UPS Systems, Clipsal, TAC, Nulec, Andover Controls, GET plc and Citect in 2006, and American Power Conversion in 2007.

Veris Industries an electronic sensor manufacturer was acquired in 2006. The newest acquisitation of the company is Pelco, closing the transaction in October 17th, 2007.[3]

Contents

[edit] Technology Centers

Schneider electric also has a number of R&D centers like

which mainly focus on Electromechanical and software developments to meet the global product requirements.

[edit] Alliances

[edit] See also

[edit] External links

Global Sites:

[edit] References

  1. ^ a b c IBM Stock Report. Morningstar, Inc.. Retrieved on 2006-06-27.
  2. ^ a b c IBM: Company Overview. Reuters. Retrieved on 2006-06-27.
  3. ^ Schneider Electric takes over Pelco Security Systems for $ 1,54 bln. Financial Mirror (October 17, 2007). Retrieved on 2007-11-07.
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