Schneider Electric in talks to buy Temasek’s 35% stake in India JV for $1 billion: Report – Industry News

Schneider Electric SE is in discussions to acquire the remaining stake in its India venture held by minority partner Temasek Holdings Pte, a Bloomberg report stated citing people aware of the  matter. Schneider is in talks to buy the 35 per cent stake held by the Singapore state investment company in Schneider Electric India Pvt for about $1 billion, the people told the publication, asking not to be identified because the deliberations are private. 

The potential transaction would value the entire Indian venture at approximately $5 billion, including debt, the report informed. However, the discussions are ongoing and there is no certainty that a deal will be finalized. 

Temasek has been exploring options to exit the joint venture, including a potential stake sale to Schneider or a third party, as well as an initial public offering, Bloomberg News had reported last year.

Schneider Electric India is majority-owned by the French parent, which holds a 65 per cent stake, while the remaining share is held by Temasek. This ownership structure was established in 2020 following the merger of Schneider’s Indian low-voltage and industrial automation business with Larsen & Toubro Ltd’s electrical and automation division.

Schneider Electric was founded in 1836 and has transformed from a traditional manufacture of electrical gear into a global player in energy management and automation, offering software and solutions for buildings, data centers, and industrial operations.

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}