The Bentley family, holding the majority of the voting shares, has set up a special committee to assess potential offers, signaling serious consideration of strategic alternatives.
Schneider’s Strategic Focus and Recent Acquisitions
Schneider Electric, valued at over €120 billion ($128 billion), continues to refine its portfolio, maintaining a keen focus on strategic fit. This focus was underlined in February when the company noted its ongoing portfolio review process.
Recent strategic maneuvers include the January acquisition of the remaining stakes in ETAP, a key player in energy management software, and the November purchase of climate consultancy EcoAct from Atos Group. Both acquisitions were part of Schneider’s broader strategy to bolster its digital automation and software capabilities, crucial for enhancing energy efficiency across various sectors.
Schneider Electric Is in Deal Talks with Bentley Systems : Market Movements and Future Prospects
Following the news, Bentley’s shares on the Nasdaq Global Select Market closed at $50.11. In contrast, Schneider Electric’s shares experienced a slight dip, trading at €210.50 in Paris, marking a 2.25% decrease from the previous day.
