Rueil-Malmaison (France), September 10, 2009 - Schneider Electric announced today the sale of Selectron Systems AG to its management and employees, backed by private and venture capital investors.
Selectron, headquartered in Switzerland, is active in the design, development and marketing of automation solutions for rail vehicles, and has become a recognised player in Europe and China to train builders. Selectron reported 2008 sales of approximately CHF24m. This company entered the Schneider Electric group in 2001 as part of the Berger Lahr acquisition, and 80% of its turnover is dedicated to the rail sector.
The divestiture is part of Schneider Electric’s intention to regularly adapt its business portfolio. Schneider Electric’s strategy is to become the global specialist in energy management, making energy safe, reliable, efficient, productive and green.
About Schneider Electric
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in energy and infrastructure, industrial processes, building automation, and data centres/networks, as well as a broad presence in residential applications. Focused on making energy safe, reliable, and efficient, the company's 114,000 employees achieved sales of more than 18.3 billion euros in 2008, through an active commitment to help individuals and organisations “make the most of their energy™”.
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