Schneider Electric drives ahead with mission to boost economy in India with purchase of Larsen & Toubro’s Electrical and Automation arm

After two years, Schneider Electric has completed their purchase of Larsen & Toubro’s Electrical & Automation business to drive forward their mission to boost economic growth in India.

L&T’s Electrical and Automation arm will be combined with Schneider Electric India’s Low Voltage and Industrial Automation Product business to create Schneider Electric India Private Limited (SEIPL).

“This major strategic move will make India, Schneider Electric’s third largest business in the world, and one of the four major global Schneider hubs for global R&D and manufacturing,” said Jean-Pascal Tricoire, the Chairman and CEO of Schneider Electric.

The new merged company will focus on the main priorities and initiatives of India, including Make in India for India and the rest of the world, Digital India, Skill India, Sustainable Energy, Smart Cities and Infrastructure for self-reliance.

Schneider Electric will have a 65% share in SEIPL, while global investment firm Temasek will own the remaining 35% stake in the company.

“We are also proud to partner with Temasek, who bring along their deep knowledge of India, and their coaching to help developing the export of the company,” added Mr. Tricoire.

More than 5,000 employees from L&T’s automation business will be integrated with over 2,000 Schneider Electric employees under the helm of the newly appointed CEO of SEIPL, Anil Chaudhry, the current Zone President and Managing Director for Schneider Electric India.

“Anil Chaudhry will lead the new entity as its CEO and bring his deep expertise in digitisation and electrification as well as his passion for the cause of digital solutions for efficiency and sustainability,” said Mr. Tricoire.

The team at SEIPL will go to market with their two distinct portfolio brands, sales teams and partner networks to achieve their vision of boosting India’s economic growth and supporting the Government’s mission to become a self-reliant nation.

Part of India’s initiative to achieve this is through ‘Make in India’, which looks to drive the country as a dominant innovation and manufacturing hub both locally and globally.

L&T’s Electrical and Automation business will continue to work with an ecosystem of partners covering more than 260 cities to produce its low and medium voltage switchgear, electrical systems, energy management, metering and industrial automation solutions at five manufacturing locations in India.

The significant and complex divestment all-cash sale of the Electrical and Automation arm was originally announced back in May 2018 at a price of US$191.6 million.

“The challenge was to carve out a business of this scale, with minimum disruption to the sprawling customer base and do it all amid the constraints of a pandemic,” said A.M. Naik, the Group Chairman of L&T.

L&T’s exit is part of a long-term strategy to focus on their Engineering Procurement Construction and Services business by using the proceeds for undetermined capital allocation decisions.

“This all-cash deal will help us create a much stronger balance sheet, thereby creating long-term value opportunities for our stakeholders by focusing on key aspects of business,” said S.N. Subrahmanyan, the CEO and Managing Director of Larsen & Toubro.

The sale is said to be one of L&T’s largest divestments so far in terms of value.

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Schneider Electric to deliver innovative solutions for hyperscale data centers after expanding partnership with AVEVA

Innovative solutions are coming for hyperscale data centers after Schneider Electric and AVEVA expanded their partnership.

Announcements to develop hyperscale data centers is a frequent occurrence to meet worldwide demand for more data capacity and cloud adoption. But the complexity in operating at this scale and maintaining these facilities creates unprecedented challenges for hyperscale providers, which require different approaches to power the infrastructure.

This is where the new innovative solutions by Schneider Electric, the leader in digital transformation of energy management and automation, and AVEVA, the global leader in engineering and industrial software, will come into play.

Philippe Delorme, Executive Vice President of Energy Management at Schneider Electric, said: “At a time when the world’s digital infrastructure is being pushed to its limits, Schneider and AVEVA are delivering a comprehensive solution for hyperscale data centers to operate and maintain their critical environments.”

The solution will integrate Schneider Electric’s EcoStruxure for Data Centers control and monitoring capabilities with AVEVA’s scalable industrial software to enable deep and expansive visibility of day-to-day operations.

Mr Delorme added: “The complete solution will deliver operational efficiency and a more reliable data center fleet.”

Digitally transforming legacy systems

The partnership looks to digitally transform legacy systems by connecting platforms and data sets that previously existed in disparate systems.

Craig Hayman, the CEO of AVEVA, said: “Our joint customers are empowered by the standardized systems and processes resulting in improved workforce efficiency across multiple sites and the entire enterprise.”

The solutions will achieve their aims by taking data that has long been managed at individual data centers and normalising it across multiple sites to inform and provide enterprise level IT/OT/IoT integration that delivers real-time decision making.

Ultimately, the innovations hope to empower data center staff to feel empowered in making faster and more informed decisions as well as optimising assets and operational efficiency by enabling facilities to scale regardless of number of sites or global location.

The hyperscale market is powering up, as Equinix also recently announced they would build three hyperscale data centers in Japan after the data center provider signed a US$1 billion agreement with GIC, Singapore’s sovereign wealth fund.

Schneider Electric to deliver innovative solutions for hyperscale data centers after expanding partnership with AVEVA

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Stuart Crowley

Editor, W.Media

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Schneider Electric to deliver innovative solutions for hyperscale data centers after expanding partnership with AVEVA

Innovative solutions are coming for hyperscale data centers after Schneider Electric and AVEVA expanded their partnership.

Announcements to develop hyperscale data centers is a frequent occurrence to meet worldwide demand for more data capacity and cloud adoption. But the complexity in operating at this scale and maintaining these facilities creates unprecedented challenges for hyperscale providers, which require different approaches to power the infrastructure.

This is where the new innovative solutions by Schneider Electric, the leader in digital transformation of energy management and automation, and AVEVA, the global leader in engineering and industrial software, will come into play.

Philippe Delorme, Executive Vice President of Energy Management at Schneider Electric, said: “At a time when the world’s digital infrastructure is being pushed to its limits, Schneider and AVEVA are delivering a comprehensive solution for hyperscale data centers to operate and maintain their critical environments.”

The solution will integrate Schneider Electric’s EcoStruxure for Data Centers control and monitoring capabilities with AVEVA’s scalable industrial software to enable deep and expansive visibility of day-to-day operations.

Mr Delorme added: “The complete solution will deliver operational efficiency and a more reliable data center fleet.”

Digitally transforming legacy systems

The partnership looks to digitally transform legacy systems by connecting platforms and data sets that previously existed in disparate systems.

Craig Hayman, the CEO of AVEVA, said: “Our joint customers are empowered by the standardized systems and processes resulting in improved workforce efficiency across multiple sites and the entire enterprise.”

The solutions will achieve their aims by taking data that has long been managed at individual data centers and normalising it across multiple sites to inform and provide enterprise level IT/OT/IoT integration that delivers real-time decision making.

Ultimately, the innovations hope to empower data center staff to feel empowered in making faster and more informed decisions as well as optimising assets and operational efficiency by enabling facilities to scale regardless of number of sites or global location.

The hyperscale market is powering up, as Equinix also recently announced they would build three hyperscale data centers in Japan after the data center provider signed a US$1 billion agreement with GIC, Singapore’s sovereign wealth fund.