Schneider Electric acquires Steck Group in Brazil

Schneider Electric, Rueil-Malmaison, France, signed an agreement to acquire Steck Da Amazonia Industria Electrica Ltda. and its affiliates, adding a key player in the fast growing low-voltage residential and commercial market in Brazil. Based in Sao Paulo, with revenues of approximately $113.5 million and over 950 employees, Steck Group specializes in the design, manufacturing and distribution of products and systems for electrical installations. It has a broad product offering that

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