M&A Deal Summary

Schneider Electric Acquires EcoAct

On June 28, 2023, Schneider Electric acquired environmental company EcoAct from Atos

Acquisition Highlights
  • This is Schneider Electric’s 2nd transaction in the Environmental sector.
  • This is Schneider Electric’s 2nd transaction in France.

M&A Deal Summary

Date 2023-06-28
Target EcoAct
Sector Environmental
Buyer(s) Schneider Electric
Sellers(s) Atos
Deal Type Divestiture

Target

EcoAct

Paris, France
EcoAct is a privately held international sustainability consultancy and project developer that provides holistic solutions to enable businesses to reduce their carbon emissions while driving commercial performance. It has undertaken carbon reduction and sustainability projects for some brands while also developing and partnering with carbon offset, biodiversity, and economic development programs across Africa, Asia, China, and South America. EcoAct was formed in 2005 and is based in Paris.

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Buyer(S) 1

Buyer

Schneider Electric

Rueil Malmaison, France

Category Company
Founded 1836
Sector Electrical Equipment
Employees164,640
Revenue 35.9B EUR (2023)
DESCRIPTION

Schneider Electric is a provider of electricity distribution, automation management and produces installation components for energy management. Schneider Electric develops connected technologies and solutions to manage energy and process in ways that are safe, reliable, efficient and sustainable. Schneider Electric was founded in 1836 and is based in Rueil-Malmaison, France.


DEAL STATS #
Overall 41 of 41
Sector (Environmental) 2 of 2
Type (Divestiture) 1 of 1
Country (France) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-31 Gutor

Wettingen, Switzerland

Gutor is a manufacturer of UPS for industrial applications. UPS systems ensure operational continuity during power outages and contribute to the safety of the most critical installations, as nuclear power plants, power generation, rail signaling, oil platforms, refineries, mines, chemical industry, and data centers. Gutor is based in Wettingen, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-14 AutoGrid

Redwood City, California, United States

AutoGrid builds AI-powered software applications that enable a smarter distributed energy world. The company’s suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers, and energy service providers to deliver clean, affordable, and reliable energy by optimizing networked distributed energy resources (DERs) in real-time and at scale. AutoGrid was formed in 2011 and is based in Redwood City, California.

Sell -

Seller(S) 1

SELLER

Atos

Bezons, France

Category Company
Founded 1982
Sector Information Technology
Employees95,140
Revenue 10.7B EUR (2023)
DESCRIPTION

Atos is a digital services provider. Serving a global client base, the Group provides Consulting & Systems Integration services, Managed Services & BPO, Cloud operations, Big Data & Cyber-security solutions, as well as transactional services through Worldline, the European provider in the payments and transactional services industry. Atos is focused on business technology that powers progress and helps organizations create their future firm. Atos was founded in 1982 and is based in Bezons, France.


DEAL STATS #
Overall 7 of 8
Sector (Environmental) 1 of 1
Type (Divestiture) 6 of 7
Country (France) 4 of 5
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-24 Unify

Boca Raton, Florida, United States

Unify is a global communications software and services company. Unify provides integrated communications solutions for the Fortune Global 500 clients. Unify was founded in 2006 and is based in Boca Raton, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 Worldgrid

Bezons, France

Worldgrid provides consulting and engineering services to energy and utility companies. Worldgrid is based in Bezons, France.

Sell €270M