Schneider Electric finalizes acquisition of Lexel
The acquisition by Schneider Electric of Scandinavian group, Lexel, number 2 in Europe in low voltage electrical installation products is now finalized.
The European Commission and the Department of Competition and Consumer Affairs in Poland gave their consent in the last few days and the transfer of shares has just been completed.
Schneider Electric has acquired Lexel for 6 billion francs and is financing this operation through a bond loan.
Schneider Electric is now in a position to extend its electrical distribution product and services offering and develop a consistent offering in low voltage electrical installation products and systems.