Schneider Electric/Temasek Re85 billion acquisition of Larsen & Toubro electrical and automation business

Overview:

• Schneider Electric and Temasek have acquired Larsen & Toubro's electrical and automation business for Re85 billion.
• The combined entity aims to merge the electrical and automation business and widen the domestic reach.
• The manufacturing facilities of the business are located in Navi Mumbai, Ahmednagar, Vadodara, Coimbatore and Mysore in India as well as in Saudi Arabia, UAE, Kuwait, Malaysia, Indonesia, and the UK.

Katrin Kostadinova - Data analyst