Schneider Electric acquires Xantrex
Schneider Electric has signed a definitive arrangement agreement with Xantrex Technology to acquire all of its common shares.
Xantrex is a global player in the renewable energy market, specialising in the inverter — the key entry point for solar and wind systems solutions — which efficiently converts raw electrical power from renewable energy generators into high-quality, grid-worthy power.
“This acquisition strongly enhances our position in energy management through the development of integrated and complete solutions which further meet customers’ needs for global energy-efficiency solutions,” said Jean-Pascal Tricoire, CEO of Schneider Electric.
The acquisition is expected to strengthen Schneider Electric’s growing position in the international renewable energies market.
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