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Schneider Electric

Schneider Electric
Company nameSchneider Electric S.A.
Company typeSociété Anonyme
IndustryElectrical equipment
Founded1836, incorporated 1981
HeadquartersRueil-Malmaison, France
Area servedWorldwide
Key peopleJean-Pascal Tricoire (President and CEO), Henri Lachmann (Chairman of the supervisory board), Emmanuel Babeau (CFO)
ProductsInclude programmable logic controllers, sensors, variable frequency drives, uninterruptible power supplies, circuit breakers, switchgear, switchboards, motor controllers
Revenue-19.58 billion (2010)
Operating income-2.703 billion (2010)
Net income-1.720 billion (2010)
Total assets-31.05 billion (end 2010)
Total equity-14.99 billion (end 2010)
Employees123,480 (average, 2010)
SubsidiaryAPC, Areva T&D, BEI Technologies, Cimac, Citect, Clipsal, ELAU, Federal Pioneer, Juno Lighting, Merlin Gerin, Merten, Modicon PLC, Nu-Lec Industries, PDL Group, Power Measurement, Square D, TAC, Telemecanique, Gutor Electronic LLC, Zicom

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Schneider Electric is a French global company. It was founded in 1836 by two brothers, Eugène and Adolphe Schneider.

In the first part of the 20th century, Schneider et Cie associated itself with Westinghouse Systems, a major international electrical group at the time. The group began manufacturing electric motors and locomotives. After the Second World War, the armaments businesses were abandoned in favor of electrical engineering, and iron and steel works. The company remained in this sector until the early 1980s.

In 1981, Groupe Schneider was broken up, focusing on the electrical and controls industry. This was followed by strategic acquisitions of Telemecanique (1988), Square D (1991) and Merlin Gerin (1992) and it is these brands that are the core products of the company's offering.

In 1999, Groupe Schneider was renamed Schneider Electric. The Schneider company also acquired The Lexel Group that year.

Today, the company has grown into a world leader in active energy management solutions through further acquisitions: Veris Industries, an electronic sensor manufacturer, in 1999; Power Measurement and ELAU in 2005; MGE UPS Systems, Clipsal, TAC, Nulec, Andover Controls, GET plc and Citect in 2006; American Power Conversion and Pelco, a video and security system manufacturer, in 2007; Gutor Electronic LLC in 2008; and the distribution branch of AREVA T&D in 2010.

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