Schneider Electric has announced that it will acquire the remaining 35 per cent stake in Schneider Electric India Private Limited from Singapore’s Temasek for €5.5 billion (approximately Rs 589 billion or $6.4 billion) in cash. This move grants the French industrial technology firm full ownership of its Indian operations and aims to enhance decision-making efficiency as India becomes an increasingly vital hub in its global operations.

This acquisition underscores Schneider’s strategic emphasis on India as a key domestic market and manufacturing base for the Asia Pacific and other emerging regions. The company views this step as a logical extension of its long-term investment commitment to India—its third-largest market and one of four global hubs.

In 2024, the Indian unit posted statutory revenues of €1.8 billion, with total sales across its subsidiaries in India reaching €2.5 billion. Schneider Electric anticipates strong double-digit compound annual growth rates for its Indian business in the coming years.

Citing India’s favourable economic trajectory, the company stated the timing was ideal to take full control and unlock greater value. It plans to expand its Indian manufacturing capacity by 2.5 to 3 times, aligning with national initiatives such as 'Digital India' and 'Make in India'.

Schneider has operated in India for over six decades and employs a large workforce across research, development, and digital supply chain functions.

“India is one of Schneider Electric’s key focus markets for the years ahead,” said Olivier Blum, CEO of Schneider Electric. “We look forward to leveraging India’s exceptional R&D, digital, and supply-chain talent to support our operations globally.”

The deal is expected to close in the upcoming quarters.