Member access

4-Traders Homepage  >  Shares  >  Euronext Paris  >  SCHNEIDER ELECTRIC    SU   FR0000121972

SCHNEIDER ELECTRIC (SU)

1536
Delayed Quote. Delayed Euronext Paris - 08/22 11:35:03 am
63.58 EUR   -1.69%
2d ago SCHNEIDER ELECTRIC : Trademark Application for "CROMPTON" Filed
2d ago SCHNEIDER ELECTRIC : Patent Issued for Apparatus and Method for Providing U..
2d ago CISCO SYSTEMS : The smartest race of all
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

SCHNEIDER ELECTRIC : Buys M&C Energy For Undisclosed Amount

05/04/2012 | 03:15am US/Eastern
Recommend:
0

Electrical engineering and power-management company Schneider Electric SA (SU.FR) Friday said it acquired M&C Energy Group, a company specialized in energy procurement and sustainability services, for an undisclosed amount.

MAIN FACTS:

- M&C is based in the U.K. and provides its customers with energy procurement, compliance and performance optimization services mostly on recurring subscription basis.

- The company has more than 500 employees including 300 energy specialists and an international presence with 21 offices across 15 countries, particularly in Europe and Asia-Pacific.

- M&C expects to generate total sales of approximately GBP35 million for the current year ending June 2012 with an EBITA margin above the Schneider Electric average.

- Schneider Electric didn't disclose any financial details on the operation.

- The completion of the transaction is subject to regulatory approvals and customary closing conditions. The closing is expected to occur in the second quarter 2012.

- This acquisition is expected to be accretive on earnings per share from year 1 and to meet Schneider Electric's Return on Capital Employed criteria in year 3.

- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; inti.landauro@dowjones.com

Recommend :
0
React to this article
Latest news on SCHNEIDER ELECTRIC
2d ago SCHNEIDER ELECTRIC : Trademark Application for "CROMPTON" Filed
2d ago SCHNEIDER ELECTRIC : Patent Issued for Apparatus and Method for Providing Uninte..
2d ago CISCO SYSTEMS : The smartest race of all
2d ago SCHNEIDER ELECTRIC : Vista Unified School District Granted $4.7 Million for Prop..
3d ago SCHNEIDER ELECTRIC : Emission free driving: BMW electric car to be showcased at ..
3d agoDJOil Futures Continue Slide as Ample Supply Weighs on Market
08/15 SCHNEIDER ELECTRIC : From fire engines to milk machines
08/15 SCHNEIDER ELECTRIC : Justification and Approval - PACS Continuum System Upgrade
08/14 SCHNEIDER ELECTRIC : reinforces its position in Turkey with the acquisition of G..
08/14 SCHNEIDER ELECTRIC : Trademark Application for "CROMPTON" Filed by Schneider Ele..
Advertisement
Chart
Duration : Period :
SCHNEIDER ELECTRIC Technical Analysis Chart | SU | FR0000121972 | 4-Traders
Income Statement Evolution
SCHNEIDER ELECTRIC : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF