Schneider Electric

In a move underscoring its long-term commitment to India, Schneider Electric has finalized the acquisition of the remaining stake in its Indian operations. This consolidation marks a significant milestone for the French energy management and automation giant, reinforcing its strategic alignment with the fast-growing South Asian market. The acquisition, completed for Rs. 3,500 crore, grants Schneider Electric full ownership of the business it had been operating in partnership.

Schneider Electric and Freyr Energy Services have recently entered a strategic partnership aimed at accelerating India’s transition to sustainable energy. By combining Schneider’s advanced digital and automation technologies with Freyr’s expertise in rooftop solar solutions, the two companies are set to drive the adoption of cleaner, more efficient energy sources. This collaboration aligns with India’s national goal of reducing carbon emissions by 33-35% from 2005 levels by 2030, positioning both companies as key players in the country’s clean energy future.