Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Schneider Electric    SU   FR0000121972

Delayed Quote. Delayed  - 04/29 05:35:05 pm
56.84 EUR   -3.28%
04/27 SCHNEIDER ELECT : Annual Shareholders' Meeting on April 25, 2016
04/26DJAnalysts Forecast 1.7 Million-Barrel Rise in Crude Stocks
04/26DJAnalysts Forecast 1.7 Million-Barrel Rise in Crude Stocks
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

SCHNEIDER ELECTRIC : Buys M&C Energy For Undisclosed Amount

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/04/2012 | 09:15am CEST

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on SCHNEIDER ELECTRIC
04/28 SCHNEIDER ELECTRIC : Researchers Submit Patent Application, "Lug Wire-Binding Sc..
04/28 SCHNEIDER ELECTRIC : Announces APC NetShelter SX Grey Racks for Brighter Aesthet..
04/27 SCHNEIDER ELECTRIC : Annual Shareholders' Meeting on April 25, 2016
04/26DJAnalysts Forecast 1.7 Million-Barrel Rise in Crude Stocks
04/26DJAnalysts Forecast 1.7 Million-Barrel Rise in Crude Stocks
04/25 MICROSOFT : AIS's Touch Panel PCs Utilize Open Platform Programming Languages Wi..
04/25 SCHNEIDER ELECTRIC : RWE's Gundremmingen nuclear power plant shuts down due to v..
04/22 SCHNEIDER ELECTRIC : In progress, the Planet & Society barometer reaches 6.70/10..
04/21 SCHNEIDER ELECTRIC : Patent Issued for Self-Healing Communications Network (USPT..
04/21 SCHNEIDER ELECTRIC : Patent Issued for Panelboard/Circuit Breaker Barrier Interf..
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials