Rueil-Malmaison, France – July 30, 2025
Global energy management and automation giant Schneider Electric has announced a landmark deal to acquire the remaining 35% stake in its Indian joint venture, Schneider Electric India Private Ltd (SEIPL), for €5.5 billion in cash. The stake is currently held by Singapore’s sovereign wealth fund Temasek Holdings.
This transaction will grant Schneider full control of its Indian operations, making it one of the largest foreign buyouts in India’s industrial sector in recent years.
🇮🇳 India: A Strategic Growth Hub
India has become Schneider Electric’s third-largest market globally, and a cornerstone of its global strategy. The company operates more than 30 manufacturing facilities and distribution centers across the country, making it a critical export hub for South Asia, the Middle East, and Africa.
With the acquisition, Schneider plans to triple its manufacturing capacity in India in the coming years. The move is aimed at reinforcing its multi-hub strategy and accelerating growth in the energy transition and industrial automation sectors.
📉 Financial Structure and Background
Schneider first entered into the joint venture in 2020, acquiring a 65% stake through the merger of its India operations with Larsen & Toubro’s electrical and automation division. Temasek invested around €530 million for the minority stake at the time.
This latest deal values Temasek’s holding at €5.5 billion, yielding a nearly tenfold return on its original investment. The acquisition is expected to close later this year, subject to regulatory approval.
📊 Market Impact and Future Outlook
The announcement reflects Schneider’s long-term confidence in India’s industrial economy, which is rapidly expanding amid global supply chain shifts. Full ownership of SEIPL will enable Schneider to simplify governance, accelerate decision-making, and deepen local innovation.
The acquisition is expected to be earnings accretive over the medium term and aligns with Schneider’s ambitions to strengthen its footprint in digital energy solutions, smart grid systems, and industrial AI.
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