The global site of the UK's leading magazine for automation, motion engineering and power transmission
17 September, 2021

EU probes Schneider-Legrand takeover

01 May, 2001

The European Commission has decided to conduct a detailed investigation into Schneider Electric`s proposed takeover of its French rival Legrand. The Commission says the deal needs to be looked at more closely to assess its compatibility with European competition rules in view of the strong positions held by the two companies is some markets - in particular, France, Italy and the Nordic countries.

The Commission is worried that the combined operation - with 94,000 employees and sales of around $11bn - would produce "significant overlaps" in market for the low-voltage distribution products. Although Schneider originally gave undertakings designed to eliminate these competition problems, the Commission says that the undertakings did not achieve this aim in all markets.

  • To view a digital copy of the latest issue of Drives & Controls, click here.

    To visit the digital library of past issues, click here

    To subscribe to the magazine, click here



Drives Show 2022The next Drives & Controls Exhibition and Conference will take place in Birmingham, UK, from 5-7 April, 2022. For more information on the event, visit the Show Web site


"Do you think that robots create or destroy jobs?"



Most Read Articles