The latest announcement is out from Schneider Electric ( (FR:SU) ).
Schneider Electric has completed the acquisition of a 75% controlling interest in Motivair Corporation, a company specializing in liquid cooling and advanced thermal management solutions for high-performance computing systems. This acquisition will enhance Schneider Electric’s Energy Management business, with plans to acquire the remaining 25% of Motivair by 2028, strengthening its position in the market for sustainable and efficient energy solutions.
More about Schneider Electric
Schneider Electric is a global leader in the digital transformation of energy management and automation. The company provides integrated end-to-end lifecycle AI-enabled Industrial IoT solutions with connected products, automation, software, and services. Schneider Electric operates in over 100 countries with a focus on sustainability, efficiency, and empowering industries, infrastructure, data centers, buildings, and homes.
YTD Price Performance: -1.85%
Average Trading Volume: 413,881
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €132B
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