Member access

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

SCHNEIDER ELECTRIC (SU)

1539
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
3d ago SCHNEIDER ELECTRIC : Chooses Kinvey as the Foundation for their Enterprise Mobil..
3d ago SCHNEIDER ELECTRIC : MILITARY $360,150 Federal Contract Awarded to BEI Sensors &..
3d ago SCHNEIDER ELECTRIC : Provides Personalized Customer Experiences with SDL Custome..
5d ago SCHNEIDER ELECTRIC : engineers visit Sunlabob headquarters for solar training
5d ago SCHNEIDER ELECTRIC : Opens New Global R&D Center in Andover, Massachusetts
5d ago SCHNEIDER ELECTRIC : Energy University achieves first place in the European Comm..
6d ago SCHNEIDER ELECTRIC : Snowline Joint Unified School District Taps Energy Efficien..
7d ago SCHNEIDER ELECTRIC : launches UPS product range
09/12 SCHNEIDER ELECTRIC : Federal Contracts Awarded by Federal Agencies in Washington..
09/12 SCHNEIDER ELECTRIC : MILITARY APC UPS Backup System Maintenance Sought by U.S. N..
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