Industrial tech giant Schneider Electric is reportedly under discussions to acquire the remaining 35% stake in its Indian subsidiary from Singapore’s Temasek Holdings for approximately $1 billion, making the venture value $5 billion including debt.
Schneider established the India Joint Venture in 2020 by merging its local low-voltage and industrial automation operations with L&T’s electrical arm. The joint venture currently has a holding of 65% of Schneider and 35% of Temasek.
This potential buyout would give Schneider full ownership of the Indian operations, enhancing strategic control over manufacturing, research and development and service. The move aligns with Schneider’s broader plan to streamline governance and deepen its presence in the Indian market.
If finalised, this acquisition could be one of the largest industrial deals in India this year, highlighting the country’s rise as a crucial hub for manufacturing and energy technology initiatives.
