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Schneider in talks with Carlyle, PAI to sell sensors unit
April 3, 2014 / 4:00 PM / in 4 years

Schneider in talks with Carlyle, PAI to sell sensors unit

PARIS, April 3 (Reuters) - French electrical gear maker Schneider Electric said it was in exclusive talks with The Carlyle Group and PAI Partners to sell its sensors unit in a deal based on an enterprise value of $900 million.

Schneider said it would reinvest about $100 million in the Custom Sensors & Technologies (CST) business in order to have a shareholding of about 30 percent. (Reporting by James Regan; Editing by Andrew Callus)

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