This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here

Tracking global change in IT Infrastructure
  • Cloud Law European Summit
  • Data Centres Europe 5

News Archive

Schneider bids for Telvent for US$2 Billion

Schneider Electric, the world’s biggest maker of low- and medium-voltage equipment, agreed to buy Spain’s Telvent GIT SA for about US $2 billion to double its software development capacity.

Telvent extends Schneider’s move into software and real- time monitors to help manage power grids and other infrastructure efficiently, joining peers like ABB Ltd. After holding preliminary talks with Tyco International Ltd., Schneider Chief Executive Officer Jean-Pascal Tricoire has said in recent weeks he prefers small- and mid-sized targets.

Source: Bloom berg

Here for full article

  • RF Code
  • MigSolv
  • DigiPlex