Schneider Electric finalizes acquisition of Xantrex
Schneider Electric announced recently the acquisition of Xantrex, a top three global player in the solar and wind inverter market.
With this acquisition, Schneider Electric reinforces its growing position in solutions for renewable energies to better meet market demands and customers’ needs in energy efficiency. Schneider Electric expects to realize significant synergies, leveraging both companies’ strengths with Xantrex’s leading technology, products, market knowledge and distribution channels combined with its own global sales, service, supply chain and solutions capabilities.
Xantrex was to be consolidated in Schneider Electric’s accounts as of October 1, 2008.
For more information visit www.schneider-electric.com.
October 22, 2008 By Newswire
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