Companies

Schneider Electric eyeing acquisitions in India

Rahul Wadke Mumbai | Updated on January 16, 2018 Published on October 23, 2016

Plans to invest ₹750 crore in 3 years



Automation giant Schneider Electric plans to acquire companies in India. A senior official said the company has been investing significantly across the board in acquisitions and is looking at local opportunities.

Schneider Electric, which offers products in energy management and automation, had reported a global revenue of €25 billion in FY2014.

David Orgaz D’Hollander, Senior V-P (Process Automation), Asian Pacific, Schneider Electric Systems Singapore, told BusinessLine that India is a key territory in its global strategy for business growth.

Rajat Kishore, Managing Director, Schneider Electric Systems India, said the company wants to further develop its presence in country and will make ₹750-crore investment in the next three years. The investments will be made in developing cutting-edge technology and innovative products for India as well as the global market. It will address the whole value-chain of products from electrical management, industrial software to automation, he said.

D’Hollander said in India the company has a sizeable manpower and is engaged in R & D activities across 30 plants.

R&D will get additional investments for scaling up. Manufacturing will also get support from the new investments, he said.

D’Hollander pointed that there is an acceleration of technological offerings in the market.

But acquiring technology blindly will not help, operational efficiency and probability should be the prime focus. Therefore, Schneider can help the Indian companies in improving bottomline by leveraging the right technology.

Its products will be focussed on asset-intensive industry such as oil and gas, power, mining and minerals, metals and water, he said.

Kishore added that the government initiative of ‘Make in India’ requires Industry 4.0 (a framework of new technologies), which is based on industrial automation, smart equipment and intelligent manufacturing.

The architecture developed by Schneider is aligned to Industry 4.0 initiative. All the products are designed to leverage the power of Internet of Things and connected devices, he said.

Published on October 23, 2016
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