The current headquarters, also located in Rueil-Malmaison, previously housed Schneider subsidiary Télémécanique while the parent company occupied a site in Boulogne-Billancourt. Schneider Electric has had its head office in the Trianon site in Rueil-Malmaison, France since 2000. Schneider Electric head office is in Rueil-Malmaison, France. It was ultimately renamed Schneider Electric in May 1999. The company began in 1836 as Schneider & Cie. Schneider Electric is the parent company of Square D, APC and others. In FY2020, the company posted revenues of €25.2 billion. Schneider Electric is a Fortune Global 500 company, publicly traded on the Euronext Exchange, and is a component of the Euro Stoxx 50 stock market index.
WWW CITECT SCHNEIDER ELECTRIC COM SOFTWARE
It addresses homes, buildings, data centers, infrastructure and industries, by combining energy technologies, real-time automation, software and services. Schneider Electric SE ( Societas Europaea) is a French multinational company providing energy and automation digital solutions for efficiency and sustainability. According to the announcement, the Citect board of directors has approved the agreement and is recommending the transaction to shareholders.Luminous Power Technologies Pvt Ltd., invensys, SolveIT Software, APC, Areva T&D, BEI Technologies, Cimac, Citect, Clipsal, ELAU, Federal Pioneer, Merlin Gerin, Merten, Modicon PLC, Nu-Lec Industries, PDL Group, Power Measurement, Square D, TAC, Telemecanique, Telvent, Gutor Electronic LLC, Zicom, Summit, Xantrex Citect’s 2004 revenues were 38.2 million Euros, and it is forecasting operating earnings of around 3.6 million Euros (before restructuring costs) for 2005-an increase of close to 20%.
It has a network exceeding 500 integration partners and 350 employees in 19 offices. Citect’s people, he said, “will bring R&D experience, end-user relationships, as well as the understanding of SCADA/MES business models.”Ĭitect is one of the largest independent suppliers of industrial automation software, with over 100,000 software licenses sold to date. Russell Stocker, executive vice president, Schneider Electric Asia Pacific Operating Div., said the acquisition reflects the company’s commitment to extend integrated solutions offerings in industrial and infrastructure fields by delivering highly scalable and reliable systems that reduce cost of ownership and improve product quality. According to the release, Schneider expects to benefit from Citect’s strengths in the SCADA and MES fields, while Citect should benefit from Schneider Electric’s global reach and ability to deliver complete industrial automation solutions. The move will add supervisory control and data acquisition (SCADA) and manufacturing execution systems (MES) capabilities to Schneider’s industrial automation offerings. The agreement remains conditional upon the satisfaction of several precedent conditions. The enterprise value of the transaction is estimated at 48 million Euros.
If approved, Schneider Australia would acquire all Citech shares. Schneider Electric’s main Australian subsidiary, Schneider Australia, and Citect have signed a merger agreement.