Schneider Electric Buys A Portion Of Germany's ELAU AG

Schneider Electric and ELAU AG recently announced a close cooperation in the automation of packaging machines.Schneider Electric acquired a 46.5 percent stake in ELAU AG Germany.

The transaction is expected to accelerate Schneider Electric’s growth in the packaging OEM machine market, widen its offerings in the motion control field and enhance its presence in the German industrial automation market.

ELAU AG is a leader in the automation of packaging machines in Europe. The str

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