Rueil-Malmaison (France), April 4, 2016 – Following the press release of December 14, 2015, Schneider Electric announces today that it has finalized the sale of its Transportation Business, one of the recognized providers of mobility worldwide, to Kapsch TrafficCom AG. The business generated revenues of €125m in FY2015 and was consolidated under the Infrastructure business of Schneider Electric.
About Schneider Electric
Schneider Electric is the global specialist in energy management and automation. With revenues of €27 billion in FY2015, our 160,000 employees serve customers in over 100 countries, helping them to manage their energy and processes in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, software and services improve the way our customers manage and automate their operations. Our connected technologies will reshape industries, transform cities and enrich lives. At Schneider Electric, we call this Life Is On.
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