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Schneider Electric Agrees To Buy Indian Manufacturer
June 3, 2009
France-based Schneider Electric has agreed to acquire Indian manufacturer Conzerv Systems. Conzerv designs and manufactures technologies for energy audits and energy management systems, primarily for industrial and commercial end-users.
Conzerv generates sales in excess of €10 million annually and employs 337 people.
With this acquisition, Schneider Electric will significantly reinforce its position to capture opportunities in the fast growing energy efficiency field in India. Conzerv products will also expand Schneider Electric's offering in power monitoring for its international markets.
Schneider Electric has locations in more than 100 countries.