Schneider to Expand in Smart-Grid Software with $2 Billion Deal for Spain’s Telvent

The acquisition bender at Schneider Electric, Rueil-Malmaison, France, continued this month. The electrical manufacturer offered to lay down a huge chunk of money for a broader play in the software side of smart-grid development with a $2 billion deal to buy Telvent GIT, SA, based in Madrid, Spain.

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