Schneider Electric, a French multinational, announced that it will acquire Singapore-based Temasek's remaining 35% stake in Schneider Electric India Private Limited (SEIPL) for 5.5 billion euros in cash. This will bring Schneider Electric's stake in SEIPL to 100 percent.
Key Highlights
- Schneider Electric agreed on July 30, 2025 to acquire Temasek’s remaining 35% in India JV for €5.5 billion.
- The all‑cash €5.5 billion deal brings Schneider full ownership, boosting expansion as India becomes strategic global hub.
Schneider referred to the move as "the logical next step" in its long-term strategic focus on India, which it describes as a "attractive domestic growth market" and a key component of its global multi-hub strategy.
"India is a key focus market": CEO Olivier Blum
Schneider Electric's CEO, Olivier Blum, said the company is betting big on India's future. "India is one of the key focus markets of Schneider Electric for the years to come, and I am very excited by the prospect to capture the full growth potential of this unique opportunity," according to him.
The company intends to expand its R&D and supply chain platforms in India to serve the region and other emerging markets. The full ownership of SEIPL will also allow for faster decision-making and integration across business verticals.
Temasek exits after generating long-term value
Temasek, which had held the stake since jointly acquiring L&T's electrical and automation business with Schneider, stated that the partnership provided long-term value. "We have been privileged to journey alongside Schneider Electric India Private Limited, and we look forward to seeing them grow as a leading franchise in India," said Chia Song Hwee, Temasek's deputy CEO.
Growth Prospects and India Expansion Plans
Schneider Electric predicts double-digit CAGR organic sales growth for SEIPL in the coming years. It also intends to increase its capacity in India by 2.5x to 3x, capitalizing on rising demand for digitalisation, electrification and industrial automation.
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Regulatory approval awaited
The transaction is subject to regulatory approval from the Competition Commission of India (CCI) and is expected to close in the coming quarters.
Background
Prior to this transaction, Schneider Electric owned 65% of SEIPL, with Temasek owning the remainder since their joint acquisition of L&T's electrical and automation business in 2020. Temasek had been considering an exit since 2024, according to previous reports.
