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Schneider Electric

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Schneider Electric

Type	Public (Euronext: SU)
Founded	1836, incorporated 1981
Headquarters	Paris, France
Key people	Jean-Pascal Tricoire, Chairman & CEO Pierre Bouchut]] CFO Dave Petratis, President (USA) Christian Wiest, President (Europe) Russell Stocker, President (Asia Pacific)
Industry	Electricity management Automation management
Products	Programmable logic controllers, Sensors, Drives, UPS, Breakers, Switchgear, Switchboard, MCC
Revenue	$US 14.6 billion (2005)^[1]
Operating income	$US1.96 billion (2005)^[1] (13.4% operating margin^[2])
Net income	$US1.2 billion (2005)^[1] (10.4% profit margin^[2])
Employees	112 000 (2007)^[2]
Subsidiaries	BEI Technologies Citect Clipsal Asia Juno Lighting Merlin Gerin Merten Square D Telemecanique Power Measurment Federal Pioneer Modicon ELAU American Power Conversion
Website	www.schneider-electric.com

Schneider Electric (Euronext: SU) is a French global company. It was founded in 1836 by two brothers, Eugène I and Adolphe Schneider, who took over a troubled foundry at Le Creusot. They initially started working on weapons and armaments, but in 1891 they began to exploit the new electricity market. In the first part of the 20th century, Schneider et Cie associated itself with Westinghouse Systems who were 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 separated, 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 Rexel Group that year. Today, the company has grown into a world leader in Power and Control solutions through further acquisitions: Power Measurement in 2005, MGE UPS Systems, Clipsal, TAC, Nulec, Andover Controls, GET plc and Citect in 2006, and American Power Conversion in 2007. The newest acquisitation of the company is Pelco, closing the transaction in October 17th, 2007.^[3]