Acquiring Madrid-based Telvent enables Schneider Electric to integrate a high value-added software platform with its own range in field device control and operation management software for the smart grid and efficient infrastructures. The Group will also double its overall software development competencies and enhance its IT integration and software service capability, including weather services.
Schneider Electric will also be able to offer electrical utility customers complete substation automation and a smart grid software suite: Distribution Management System, Outage Management System, Supervisory Control and Data Acquisition, Meter Data Management, and Geographical Information System.
Jean-Pascal Tricoire, Schneider Electric’s President and CEO, notes: “The acquisition is in line with our ambition to become a complete solution provider for our customers. Telvent offers software capability that complements and integrates with Schneider Electric’s offering. It also brings complementary customer base and geographical coverage. Together, we will be able to provide our customers with high value added solutions that integrate smart devices and full software capability, hence reinforcing our position in the smart grid and critical infrastructure space. We look forward to welcoming the Telvent teams who will enrich the cultural diversity and capability of our company. ”
Telvent’s Chairman and CEO, Ignacio González Domínguez, adds: “We see strong complementarities of Telvent’s solution offering and that of Schneider Electric as well as a good cultural fit of people and spirit. We believe that our customers will benefit highly from this combination. With Schneider Electric, Telvent expects to expand its global footprint, especially in the fast growing new economies. We look forward to this next phase of the development of our company.”