Schneider Electric to Fully Acquire India Unit from Temasek for €5.5 Billion

Schneider Electric will acquire the remaining 35% stake in Schneider Electric India Private Limited (SEIPL) from Singapore’s Temasek Holdings, as per news reports. The all-cash deal is valued at €5.5 billion (approximately $6.4 billion), as per the reports. This will give Schneider Electric full ownership of its Indian operations.

Full Ownership After Joint Venture

The 2 companies had entered into a joint venture in 2018 to acquire Larsen & Toubro’s Electrical and Automation business. Temasek held a 35% stake in SEIPL after the acquisition. Schneider Electric already owned the remaining 65%. Temasek had reportedly been exploring an exit since last year.

India as a Strategic Hub

The French firm has identified India as one of its four global hubs. The company is also planning to build an R&D and supply chain platform in India to support operations across Asia-Pacific and other emerging markets. It stated that full ownership would help accelerate decision-making in the region.

SEIPL Revenue and Growth 

SEIPL recorded €1.8 billion in statutory revenue in 2024. Total sales from Schneider Electric’s Indian operations, including all subsidiaries, reached €2.5 billion. The company expects double-digit compound annual growth in India over the next few years.

Schneider Electric plans to increase its manufacturing capacity in India by 2.5 to 3 times. The company also aims to align with government-led programs such as “Digital India” and “Make in India.” It has been operating in India for over six decades.

Transaction Timeline

The transaction is subject to regulatory approvals, including from the Competition Commission of India. Reports suggest that it is expected to close over the next few quarters. Schneider Electric said this deal is part of its multi-hub strategy.

Read More: Temasek Increases India Investment to 8% of Its Global Portfolio; China Exposure Shrinks!

Schneider Electric Infra Share Price Performance

As of 10:30 AM on July 31, shares of Schneider Electric Infra Share Price were trading at ₹988.00, up ₹32.85 or 3.44%.

Conclusion

The €5.5 billion acquisition will make SEIPL a wholly owned subsidiary of Schneider Electric. With this move, the company plans to strengthen its manufacturing and R&D presence in India while continuing to use it as a base for regional expansion.

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