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Schneider Electric Agrees to Buy Electrical & Automation Business in India

Schneider Electric, Rueil-Malmaison, France, signed an agreement with Larsen and Toubro Ltd., a conglomerate in India, to buy its Electrical and Automation business (L&T E&A) and combine it with Schneider Electric India’s Low voltage and Industrial Automation Products business. Temasek, an investment company headquartered in Singapore, will invest in the combined business and will hold 35% of it.

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