Member access

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

SCHNEIDER ELECTRIC (SU)

1557
Real-time Quote. Real-time Tradegate - 10/23 04:01:57 pm
58.376 EUR   -0.19%
11h ago SCHNEIDER ELECTRIC : Releases Enhanced Advanced Distribution Management Sys..
1d ago Global growth worries take shine off ABB's order surge
1d agoDJOil Prices Rise Ahead of Supply Data
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

SCHNEIDER ELECTRIC : Buys M&C Energy For Undisclosed Amount

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

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

Latest news on SCHNEIDER ELECTRIC
9h ago SCHNEIDER ELECTRIC : named as a leader in DCIM
11h ago SCHNEIDER ELECTRIC : Releases Enhanced Advanced Distribution Management System
14h ago SCHNEIDER ELECTRIC : Baxter Sparks Innovation and Improves Workforce Flexibility..
16h ago SCHNEIDER ELECTRIC : An Application for the Trademark "BEI" Has Been Filed by Sc..
1d ago Global growth worries take shine off ABB's order surge
1d agoDJOil Prices Rise Ahead of Supply Data
2d agoDJAnalysts Forecast 3.1 Million-Barrel Build in Crude Stocks -- Update
2d agoDJAnalysts Forecast 3.1 Million-Barrel Build in Crude Stocks
2d ago SCHNEIDER ELECTRIC : to Showcase Several New Products and Solutions at Solar Pow..
2d ago SCHNEIDER ELECTRIC : Announces Launch of New PV Skid at Solar Power Internationa..
Advertisement
Chart
Duration : Period :
SCHNEIDER ELECTRIC Technical Analysis Chart | SU | FR0000121972 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF