Schneider Electric Buys A Portion Of Germany's ELAU AG

April 9, 2004
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.

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 strategic partnership with Schneider Electric will provide an opportunity for ELAU AG to expand its growth outside Europe in the American and Asian markets.