The 2020 Mid-Year Economic Update_long

Schneider Electric Agrees to Buy German Firm


Schneider Electric has agreed to acquire Ritto GmbH & Co Kg, a German firm that manufactures door entry and intercom systems for the residential and small tertiary buildings markets. Ritto had revenue of nearly 25 million euro in 2006.
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The company will be added to Schneider's offerings in Installation Systems and Control, which includes wiring devices, installation material, control products and VDI.
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Schneider has operations in 190 ...

Schneider Electric has agreed to acquire Ritto GmbH & Co Kg, a German firm that manufactures door entry and intercom systems for the residential and small tertiary buildings markets. Ritto had revenue of nearly 25 million euro in 2006.
&nbsp ;
The company will be added to Schneider’s offerings in Installation Systems and Control, which includes wiring devices, installation material, control products and VDI.
&nbsp ;
Schneider has operations in 190 countries.

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