Schneider Electric Fully Acquires Indian Operations from Temasek for $6.4 Billion

Schneider Electric Announces Full Acquisition of Its Indian Subsidiary by Buying Out Temasek's 35% Stake On Tuesday, Schneider Electric revealed plans to purchase the remaining 35% ownership stake in its Indian operations, Schneider Electric India Private Limited, from Singapore-based investment firm Temasek for approximately $6.4 billion in cash. This move grants Schneider Electric full control over its Indian business, enabling quicker decision-making and strategic growth within the region. This acquisition underscores Schneider Electric's dedication to India, viewing it as both a vital local market and a manufacturing hub for Asia-Pacific and emerging economies. The company aims to leverage India as a regional R&D and supply chain center, facilitating expansion into other emerging markets. The transaction is a natural progression in Schneider Electric's regional investment strategy, given that India is its third-largest market and one of its four global operational centers. In 2024, the Indian subsidiary generated statutory revenues of $1.8 billion, contributing to total Indian sales of $2.5 billion across all subsidiaries. The company anticipates achieving double-digit compo...