Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERG ER-REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 28.04.2021  
C(2021 ) 3138 final  
PUBLIC VERSION  
The AES Corporation  
4300 Wilson Boulevard  
Arlington, VA 22203  
United States of America  
 
Coatue Management, L.L.C.  
9 West 57th Street, 25th Floor,  
New York, NY 10019  
United States of America  
 
Schneider Electric SE  
35 rue Joseph Monier  
92506 Rueil -Malmaison Cedex  
France  
Subject : Case M.10225 – AES /Coatue/Schneider Electric/Uplight  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 6 April 2021 , the European Commission received notification of a proposed 
concentration pursuant to Article 4  of the Merger  Regulation by which the 
undertakings The AES Corpo ration (“AES”, USA) , Coatue Management, L.L.C. 
(“Coatue”, USA) , and Schneider Electric SE  (“Schneider Electric”, France ), acquire 
within the meaning of Article 3(1)(b) of the Merger Regulation joint control over the 
whole of the undertaking Uplight, Inc. (“Uplight”, USA)  by way of purchase of 
shares .3 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 130, 14.4.2021 , p. 4. 

2 2. The business activities of the undertakings concerned are:  
 for AES : a global energy company which operates thermal and renewable 
electricity generation distribution businesses , 
 for Coatue : a global investment  manager focused on technology, media and 
communications industrie s, 
 for Schneider Electric : an international group that is mainly active in power 
management and in various types of software solutions and products for 
automation and energy management , 
 for Uplight : an energy solutions company providing utilities with the software 
that enables end -consumers to monitor and adjust their energy consumption habits 
to reduce usage and costs . 
3. After examination of the notification, the European Commission has conclu ded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5 (a) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in applicat ion of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5 .