Schneider Electric buys the last 35% of SEIPL from Singapore’s Temasek for $6.4 billion, reinforcing India’s role in its global supply chain.
French multinational Schneider Electric SE will acquire the remaining 35% stake in its Indian joint venture from Singapore’s Temasek Holdings for $6.4 billion in an all-cash deal. The transaction, which awaits regulatory approval, is expected to close in the coming quarters and will give Schneider complete ownership of Schneider Electric India Pvt Ltd (SEIPL).
Before this deal, Schneider Electric held a 65% majority stake in SEIPL, while Temasek owned 35%. The ownership structure was formed after their joint acquisition of Larsen & Toubro’s electrical and automation business in 2018, which was later merged with Schneider’s Indian operations. With the current buyout of Temasek’s stake, Schneider will now own 100% of SEIPL.
This marks the largest merge and acquisition transaction of 2025 so far and reflects Schneider’s growing ambitions in India. The acquisition is part of a broader strategy to position India as a key hub in its global operations, driven by the country’s rapid economic growth and government-led initiatives to promote local manufacturing.
Schneider intends to significantly expand its manufacturing footprint in India, aiming to nearly triple its capacity over the next few years. It also expects Schneider Electric India to deliver double-digit compound annual growth, underpinned by strong domestic demand and rising exports.
India, now the world’s fourth-largest economy, is projected to grow at over 6% annually, according to recent OECD estimates. Schneider’s increased investment reflects a long-term bet on India’s strategic importance in global supply chains.
In 2024, SEIPL posted statutory revenue of €1.8 billion, with total sales from Indian operations, including exports, reaching €2.5 billion. The company currently operates under a dual-brand strategy, with the former L&T unit rebranded as Lauritz Knudsen.
