Schneider Electric
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| Schneider Electric | |
 | |
| Type | Public (CAC 40 Index: Schneider Electric) |
|---|---|
| Founded | 1836, incorporated 1981 |
| Headquarters | Template:Country data FRA 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 | PLC, Sensors, Drives, UPS, Breakers |
| Revenue | Template:Profit$US 14.6 billion (2005)[1] |
| Operating income | Template:Profit$US1.96 billion (2005)[1] (13.4% operating margin[2]) |
| Net income | Template:Profit$US1.2 billion (2005)[1] (10.4% profit margin[2]) |
| Employees | 88,670 (2005)[2] |
| Subsidiaries | BEI Technologies Citect Clipsal Asia Juno Lighting Merlin Gerin Merten Square D Telemecanique ELAU |
| Website | www.schneider-electric.com |
Schneider Electric is a large, global company of French origin. It dates back to 1836, when two brothers, Joseph and Adolphe Schneider took over a troubled foundry at Le Creusot, initially going into armaments, but in 1891 they began to exploit the new electricity market.
In the first part of the 20th century, Schneider associated itself with Westinghouse Systems who were, by then, a major international electrical group. The group began manufacturing electric motors and locomotives. After the Second World War, the armaments interests were abandoned in favour of electrical engineering, 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, in order to give it more identity. The Lexel group was also acquired that year.
From 2000 onwards, the company has grown into a world leader in Power and Control solutions through further acquisitions, namely Power Measurement (2005), MGE UPS Systems, Clipsal, TAC, Nulec, Andover Controls and Citect (2006) and American Power Conversion (acquisition planned for early 2007 upon shareholder approval).
Technology Centers
Schneider electric also has a software development and R&D center, Global Technology Center India, in Bangalore.
Source: Schneider Electric S.A.
Divisions
- TAC
- MGE UPS Systems
- American Power Conversion (pending)
See also
External links
- Schneider Electric Corporate Site
- Schneider Electric Canada Site
- Schneider Electric Republic of India Site
Global Brand Sites
- Tour Andover Controls Brand site
- Merlin Gerin Brand site
- Telemecanique Brand site
- Square D Brand site
- Power Measurement
- Citect: Industrial Automation, MES, Facilities, On-demand Benchmarking
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de:Schneider Electric fr:Schneider Electric pt:Schneider Electric
- ↑ 1.0 1.1 1.2 IBM Stock Report. Morningstar, Inc.. Retrieved on 2006-06-27.
- ↑ 2.0 2.1 2.2 IBM: Company Overview. Reuters. Retrieved on 2006-06-27.
