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Schneider Electric SE (SCHN.PA)

SCHN.PA on Paris Stock Exchange

70.80EUR
21 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Schneider Electric to buy French software group IGE+XAO
Wednesday, 8 Nov 2017 02:08am EST 

Nov 8 (Reuters) - Schneider Electric /IGE+XAO Sa ::* Schneider Electric to buy IGE+XAO, a software group with a current market capitalisation of around 164 million euros ($190 million).* Schneider Electric to offer 132 euros/share for IGE+XAO.* Offer represents 15 pct premium to IGE+XAO's closing share price on November 7.* Takoever aims to reinforce the software offer of Schneider Electric in a field complementary to products and solutions supplied for electrical distribution, creating future synergetic opportunities, says Schneider Electric.  Full Article

Dynamic Energy Networks forms strategic alliance with Schneider Electric and Carlyle Group
Monday, 6 Nov 2017 08:00am EST 

Nov 6 (Reuters) - Carlyle Group Lp :Carlyle Group says Dynamic Energy Networks forms strategic alliance with Schneider Electric and the Carlyle Group to deliver energy-as-a-service‍​.  Full Article

Schneider Electric upgraded its FY 2017 targets for second time this year
Thursday, 26 Oct 2017 02:28am EDT 

Oct 26 (Reuters) - SCHNEIDER ELECTRIC : :Q3 REVENUE EUR ‍​5.90 BILLION VERSUS EUR 6.02 BILLION IN REUTERS POLL.FY 2017 TARGETS UPGRADED FOR SECOND TIME THIS YEAR.TARGETS FOR 2017 ORGANIC REVENUE GROWTH AROUND 4% OUTSIDE INFRASTRUCTURE (VERSUS. 1% TO 3% INITIALLY).FOR 2017 NOW TARGETS +50 TO +70 BPS ORGANIC ADJUSTED EBITA MARGIN IMPROVEMENT (VERSUS.+20 TO +50BPS INITIALLY).FOR 2017 SCOPE EFFECT IS EXPECTED TO BE +20BPS COMPARED TO 2016 REPORTED ADJUSTED EBITA MARGIN (14.1%)..FX IMPACT ON FY 2017 REVENUES IS ESTIMATED TO BE AROUND - EUR 300 MILLION.FX IMPACT IS NOW EXPECTED TO BE -20 TO -30BPS ON THE ADJUSTED EBITA MARGIN FOR THE YEAR.  Full Article

Schneider Electric CFO says currency effects could impact 2018
Thursday, 26 Oct 2017 02:00am EDT 

Oct 26 (Reuters) - SCHNEIDER ELECTRIC ::IF THE APPRECIATION OF THE EURO CONTINUES IT WILL HAVE AN IMPACT IN 2018-CFO‍​.WILL TAKE ADEQUATE STEPS IF NEGATIVE CURRENCY EFFECTS CONTINUE NEXT YEAR -CFO‍​.  Full Article

Aveva investors back Schneider deal
Friday, 29 Sep 2017 06:05am EDT 

Sept 29 (Reuters) - AVEVA GROUP PLC ::ALL RESOLUTIONS IN ‍CONNECTION WITH PROPOSED COMBINATION OF AVEVA AND SCHNEIDER ELECTRIC SOFTWARE BUSINESS WERE PASSED ON A POLL AT GENERAL MEETING​.  Full Article

Schneider sees possible new acquisitions in core business - CFO
Tuesday, 5 Sep 2017 04:57am EDT 

Sept 5 (Reuters) - Schneider Electric SE :Schneider financial director says maintains dividend policy and its share buy-back programme after aveva deal.Schneider sees possible new acquisitions in group's core business - CFO.  Full Article

Aveva CEO says more confident Schneider deal will succeed this time
Tuesday, 5 Sep 2017 02:50am EDT 

Sept 5 (Reuters) - Aveva :Ceo says deal with schneider electric schn.pa is 'much further progressed' than previous attempts.Ceo says merger agreement with schneider is binding, will include break fee.Ceo says schneider schn.pa will contribute more to business than in previous attempts, hence larger share.Ceo says schneider schn.pa has worked to separate software assets, removing previous hurdle.Ceo says deal mostly about top-line growth, synergies in areas of duplication.  Full Article

Schneider Electric combines with Aveva on software business‍​
Tuesday, 5 Sep 2017 02:48am EDT 

Sept 5 (Reuters) - SCHNEIDER ELECTRIC SE ::COMBINATION OF AVEVA AND SCHNEIDER ELECTRIC INDUSTRIAL SOFTWARE BUSINESS TO CREATE GLOBAL LEADER IN ENGINEERING AND INDUSTRIAL SOFTWARE‍​.TO PAY TO AVEVA GBP 550 MILLION IN CASH (APPROXIMATELY 858 PENCE PER ORDINARY SHARE), CO TO HOLD A MAJORITY OF THE ENLARGED AVEVA SHARE CAPITAL.ON COMPLETION SCHNEIDER ELECTRIC WILL OWN 60 PERCENT OF ENLARGED AVEVA GROUP ON A FULLY DILUTED BASIS ‍​.ON COMPLETION EXISTING AVEVA SHAREHOLDERS AND PARTICIPANTS IN AVEVA SHARE PLANS WILL RETAIN 40 PER CENT EQUITY OWNERSHIP (ON FULLY DILUTED BASIS)‍​.AVEVA TO DISTRIBUTE GBP 100 MILLION (C. 156 PENCE PER ORDINARY SHARE) IN CASH TO SHAREHOLDERS (EXCLUDING SCHNEIDER ELECTRIC) AT OR AROUND COMPLETION.COMPLETION OF COMBINATION EXPECTED TO BE AT OR AROUND THE END OF 2017, IF NUMBER OF CONDITIONS ARE FULFILLED.  Full Article

Schneider Electric says combining software ops with Aveva
Tuesday, 5 Sep 2017 02:18am EDT 

Sept 5 (Reuters) - Schneider Electric SE :Schneider Electric says combining its industrial software business with Aveva.Schneider Electric says its board of directors and Aveva group board have reached agreement on the terms and conditions of a combination of Aveva and Schneider Electric industrial software business.Schneider Electric - combined entity will be a global leader in engineering and industrial software with combined revenues and adjusted EBITA of approximately £657.5 mi.Schneider Electric - combination will create an enlarged Aveva group well-positioned to take advantage of future M&A opportunities building on its scale and comprehensive industry and lifecycle solution coverage.Schneider electric - on completion, following the issue of ordinary shares in the capital of Aveva to Schneider electric, Schneider Electric will own 60 percent of the enlarged Aveva Group on a fully diluted basis.Schneider Electric participants in the Aveva share plans will retain 40 per cent equity ownership (on a fully diluted basis).Schneider Electric the existing non-executive directors of Aveva will remain in place on completion.Schneider Electric - enlarged Aveva group’s headquarters will continue to be located in Cambridge, United Kingdom.Schneider Electric - enlarged Aveva Group’s relationship with Schneider Electric, as its majority shareholder, will be governed by a relationship agreement and the listing rules.  Full Article

Schneider Electric CFO expects improvement in economic environment to continue in H2 ‍​
Thursday, 27 Jul 2017 02:40am EDT 

July 27 (Reuters) - SCHNEIDER ELECTRIC ::OBSERVES GLOBALLY AN IMPROVEMENT OF THE ECONOMIC ENVIRONMENT, EXPECTS TO SEE THIS IMPROVEMENT CONTINUE IN H2 - CFO‍​.THE PART OF THE INFRASTRUCTURE BUSINESS WHICH WILL BE THE SUBJECT OF A STRATEGIC REVIEW EMPLOYS SEVERAL THOUSAND PEOPLE ACROSS THE WORLD - CFO‍​.DOES NOT FAVOUR ONE OPTION MORE THAN ANOTHER FOR INFRASTRUCTURE BUSINESS, ALL OPTIONS ARE OPEN - CFO‍​.  Full Article

BRIEF-Schneider Electric to buy French software group IGE+XAO

* Schneider Electric to buy IGE+XAO, a software group with a current market capitalisation of around 164 million euros ($190 million)