SCHNEIDER ELECTRIC FINALIZES ACQUISITION OF PROLEIT, ENHANCING THE GROUP OFFERING ON CONSUMER PACKAGED GOODS SEGMENT

Schneider Electric, the global leader in digital transformation of energy management and automation, announces today that it has finalized the acquisition of ProLeiT, that was announced together with the Group’s Q1 results on April 23, 2020.

This bolt-on acquisition enhances Schneider Electric’s offering in the Consumer Packaged Goods segment with a specific focus on Food & Beverage, Chemical and Lifesciences. ProLeiT is headquartered in Germany and recorded revenues of around Euro 50million in 2019. The ProLeiT offer of Industrial Automation Process Control will be integrated into the Group’s EcoStruxure Plant offering (within its Industrial Automation business) and will seamlessly communicate with AVEVA software to add value for customers.

Peter Herweck, Schneider Electric’s Executive Vice President, Industrial Automation, commented: “with the acquisition of ProLeiT, we’re reinforcing our presence in automation solutions for CPG segment – an industry with good growth perspectives across the economic cycles. We warmly welcome ProLeiT within Schneider Electric”.

Wolfgang Ebster, ProLeiT’s CEO/CFO, commented: “Bringing ProLeiT and Schneider Electric together, it’s a great opportunity to develop software business through new channels. We’re very proud to join Schneider Electric, a partner with a strong strategic fit and who shares our vision, mentality and values which are attractive for our customers and our employees”.

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