Schneider Electric
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Kenny Acheson
| Schneider Electric | |
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| Type | Public (CAC 40 Index: Schneider Electric) |
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| Founded | 1836, incorporated 1981 |
| Headquarters |  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, Switchgear, Switchboard, MCC |
| Revenue |  $US 14.6 billion (2005)[1] |
| Operating income | $US1.96 billion (2005)[1] (13.4% operating margin[2]) |
| Net income | $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 Power Measurment Federal Pioneer Modicon ELAU American Power Conversion |
| Website | www.schneider-electric.com |
Schneider Electric is a French global company. It was founded in 1836 by two brothers, Joseph 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 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 company also acquired The Lexel 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 and Citect in 2006, and American Power Conversion in 2007.
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[edit] Technology Centers
Schneider electric also has a software development and R&D center, Global Technology Center India, in Bangalore.
Source: Schneider Electric S.A.
[edit] Divisions
- TAC
- MGE UPS Systems
- American Power Conversion
[edit] See also
- Voltimum
[edit] External links
- Schneider Electric Corporate Site
- Schneider Electric Canada Site
- Schneider Electric Republic of India Site
- Schneider Electric Australia
- Schneider Electric South Africa
Global Brand Sites
- TAC
- Merlin Gerin Brand site
- Telemecanique Brand site
- Square D Brand site
- Power Measurement
- American Power Conversion
- Citect: Industrial Automation, MES, Facilities, On-demand Benchmarking
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