Schneider Electric
Schneider Electric SE is a French multinational company providing energy and automation digital solutions for efficiency and sustainability. It addresses homes, buildings, data centers, infrastructure and industries, by combining energy technologies, real-time automation, software and services. Schneider Electric is a Fortune Global 500 company, publicly traded on the Euronext Exchange, and is a component of the Euro Stoxx 50 stock market index. In FY2020, the company posted revenues of €25.2 billion. Schneider Electric is the parent company of Square D, APC and others. It is also a research company. The company began in 1836 as Schneider  & Cie. It was ultimately renamed Schneider Electric in May 1999. Head office. Schneider Electric head office is in Rueil-Malmaison, France. Schneider Electric has had its head office in the Trianon site in Rueil-Malmaison, France since 2000. The current headquarters, also located in Rueil-Malmaison, previously housed Schneider subsidiary Télémécanique while the parent company occupied a site in Boulogne-Billancourt. History. Beginnings. The origin of the company is the steel and armaments factories of Schneider-Creusot and other industrial concerns. 20th century. From 1981 to 1997, the company divested from steel and shipbuilding and focused mainly on electricity through  strategic acquisitions. Timeline. 1836: Brothers Adolphe and Joseph-Eugene Schneider take over an abandoned foundry in Le Creusot, France and, two years later, create Schneider & Cie, focusing primarily on the steel industry. Schneider & Cie grows rapidly, specializing in the production of heavy machinery and transportation equipment, and eventually becomes the Schneider Group. 1975: The Schneider Group acquires an interest in Merlin Gerin, one of the top manufacturers of electrical distribution equipment in France. 1981–1997: Schneider Group re-focuses on the electrical industry by divesting its nonstrategic assets and undertakes a series of strategic acquisitions: Télémécanique in 1988, Square D in  1991 and Merlin Gerin in 1992. 1999: Schneider Group acquires Lexel. In May 1999, the Schneider Group is renamed Schneider Electric. The company is an ITER supplier. 2014: Schneider Electric advertises a cooperation with German power supplier RWE. 2016: Schneider acquires the British retail brand Tower Electric. 2017: Schneider Electric takes control of AVEVA Group PLC, a provider of engineering and industrial software based in the UK. 2019: Schneider launches Schneider Electric Exchange. 2020: In February 2020, Schneider made a €1.4bn takeover bid for German company RIB Software, closing the deal in July 2020. In September 2020, Schneider Electric  launched a new equipment that will help electricity distribution companies in Nigeria to fix grid faults. Organizational structure and offer. As of 2019, Schneider Electric operates business units: Energy Management, Industrial Automation, and Services. Energy Management The energy management business provides products for the management of energy in medium voltage and grid automation, low voltage and building automation, secure power and cooling applications. Services The Services business includes three divisions: Global Field Services, Energy and Sustainability Services, and Smart grid Services. EcoStruxure. In 2016 Schneider Electric launched the next generation of EcoStruxure – an IoT-enabled architecture. The EcoStruxure platform uses  Microsoft Azure. In April 2019, the company launched Schneider Electric Exchange, an open business platform.