Schneider Electric acquires Xantrex

Schneider Electric has signed a definitive arrangement agreement with Xantrex Technology to acquire all of its common shares.

Xantrex is a global player in the renewable energy market, specialising in the inverter — the key entry point for solar and wind systems solutions — which efficiently converts raw electrical power from renewable energy generators into high-quality, grid-worthy power.

“This acquisition strongly enhances our position in energy management through the development of integrated and complete solutions which further meet customers’ needs for global energy-efficiency solutions,” said Jean-Pascal Tricoire, CEO of Schneider Electric.

The acquisition is expected to strengthen Schneider Electric’s growing position in the international renewable energies market.