Rueil-Malmaison (France), June 1, 2017 Following the press release of 3 April 2017, Schneider Electric announced today that it has completed the disposal of Telvent DTN to TBG AG for a total value of approximately $ 900 million. Previously consolidated in the division’s Infrastructure Group, Telvent DTN recorded in 2016 a turnover of 213 million dollars. As indicated in the April 3, 2017, Schneider Electric intends to use the net amount of the assignment in a share buyback programme of approximately € 1 billion over the next 24 months.
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Schneider Electric is the global specialist in energy management and automation and has achieved nearly 25 billion euros in turnover in 2016. Our 144 000 employees meet the needs of customers in more than 100 countries by helping them to manage their energy and their process in a safe, reliable, efficient, and sustainable. Switches the most simple to the operating systems, the more complex, our technologies, software and services enable our customers to optimize the management and automation of their activities. Our connected technologies contribute to a rethinking of the industries, to transform cities, and to enrich the lives of their inhabitants. At Schneider Electric, we call this : Life Is On (life lights).
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