Schneider Electric to Take Stakes in Two Software Companies
16 Noviembre 2020 - 2:43AM
Noticias Dow Jones
By Joshua Kirby
Schneider Electric SE said Monday that it has agreed to buy
stakes in two software providers as it looks to boost its offering
in the field.
The French energy-management company said it agreed to acquire a
controlling stake of 80% in Operation Technology Inc. / ETAP
Automation Inc., a U.S. company that provides software for
electrical power-systems modeling and simulation. Schneider said
the transaction should be completed by the end of the year, and
that it also agreed to buy the remaining 20% of ETAP in early 2025.
ETAP had revenue of $50 million in 2019, Schneider said.
Schneider will also acquire a minority stake of 25% in Planon
Beheer, which provides software for building and workplace
management. The Dutch company had revenue of 74 million euros
($87.6 million) in 2019, Schneider said.
The combined effect of the two transactions is expected to be
slightly accretive to adjusted earnings per share from 2021,
Schneider said.
Write to Joshua Kirby at joshua.kirby@dowjones.com;
@joshualeokirby
(END) Dow Jones Newswires
November 16, 2020 03:28 ET (08:28 GMT)
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