Schneider combines its LV & Industrial Automation biz with L&T’s E&A biz

By OEM Update Editorial September 1, 2020 3:00 pm IST

Anil Chaudhry has been appointed as the CEO of the combined business – Schneider Electric India Pvt Ltd

Schneider Electric announced the successful completion of the transaction combining L&T’s Electrical & Automation business and Schneider Electric India’s Low Voltage and Industrial Automation Product business.

The combined business – Schneider Electric India Pvt Ltd (SEIPL), is owned 65 percent by Schneider Electric, and global investment company Temasek owns the remaining stake. SEIPL also announced the appointment of Anil Chaudhry– the current Zone President and Managing Director, of Schneider Electric India – as the CEO SEIPL and Zone President India.