Schneider Electric sells its nuclear business to Data Systems&Solutions
As announced in September 2002, Schneider Electric has finalized the sale of its nuclear business, based in Grenoble (France), to Data Systems and Solutions (a joint venture formed in 1999 between Rolls Royce in the UK and Science Applications International Corporation in the US), which provides integrated information technology based asset management solutions to aviation and nuclear power customers. The nuclear business generates sales of around EUR 20 million and employs 200 people.
This divestment is an illustration of Schneider Electric’s strategy to focus on its businesses with a worldwide leadership position. It will also provide the divested business the support it needs to continue its growth.