Date: 2025-12-09Category: Press ReleaseState: Union GovernmentCountry: India
CCI approves the proposed acquisition of certain stake in Schneider Electric India Private Limited(SEIPL/Target 1) and Schneider Electric JV Holdings 2 Pte. Ltd. (SEJV2/Target 2) respectively by Schneider Electric SE (Schenider/Acquirer) from the MacRitchie Investments Pte. Ltd (Seller)
**Executive Summary**
The Competition Commission of India (CCI) has approved the proposed acquisition of certain stakes in Schneider Electric India Private Limited (SEIPL/Target 1) and Schneider Electric JV Holdings 2 Pte. Ltd. (SEJV2/Target 2) by Schneider Electric SE (Schenider/Acquirer) from MacRitchie Investments Pte. Ltd. (Seller). The approval was announced on December 9, 2023. A detailed order from the Commission will follow.
**Key Points / Main Content**
* **Proposed Combination:**
* Schneider's proposed acquisition of a 35% stake in SEIPL (Proposed SEIPL Transaction).
* Schneider's (through Schneider Electric South East Asia (HQ) Pte. Ltd.) proposed acquisition of a 35% stake in SEJV2 (Proposed SEJV2 Transaction).
* **Acquirer (Schneider Electric SE):**
* Incorporated under the laws of France and governed by European Council Regulation (EC) No. 2157/2001 of October 8, 2001.
* Actively involved in digital transformation of energy management and automation.
* Present in over 100 countries, offering products and services in Power Management, Automation Systems, and integrated efficiency solutions.
* **Target 1 (SEIPL):**
* A company incorporated in India and an indirect subsidiary under full operational and management control of Schneider.
* Actively involved in digital transformation of energy management and automation.
* Present in Power Management and Automation Systems.
* **Target 2 (SEJV2):**
* A private limited company incorporated under the laws of Singapore.
**Impact Analysis**
**Schneider Electric SE (Schenider/Acquirer)**
* **Impact:** Will gain certain stakes in Schneider Electric India Private Limited (SEIPL/Target 1) and Schneider Electric JV Holdings 2 Pte. Ltd. (SEJV2/Target 2)
* **Action Required:** Await detailed order from the Commission.
**Schneider Electric India Private Limited (SEIPL/Target 1) and Schneider Electric JV Holdings 2 Pte. Ltd. (SEJV2/Target 2)**
* **Impact:** Certain stake to be acquired by Schneider Electric SE.
* **Action Required:** Await detailed order from the Commission.
**MacRitchie Investments Pte. Ltd (Seller)**
* **Impact:** Will lose certain stake in Schneider Electric India Private Limited (SEIPL/Target 1) and Schneider Electric JV Holdings 2 Pte. Ltd. (SEJV2/Target 2)
* **Action Required:** Await detailed order from the Commission.
Key Entities Referenced
Competition Commission of India: The primary regulator approving the acquisition.
Schneider Electric SE: The acquirer of stake in SEIPL and SEJV2.
Schneider Electric India Private Limited (SEIPL/Target 1): One of the companies in which a stake is being acquired.
Schneider Electric JV Holdings 2 Pte. Ltd. (SEJV2/Target 2): The other company in which a stake is being acquired.
Competition Commission of India
CCI approves the proposed acquisition of certain
stake in Schneider Electric India Private
Limited(SEIPL/Target 1) and Schneider Electric
JV Holdings 2 Pte. Ltd. (SEJV2/Target 2)
respectively by Schneider Electric SE
(Schenider/Acquirer) from the MacRitchie
Investments Pte. Ltd (Seller)
प्रव तथ: 09 DEC 2025 7:38PM by PIB Delhi
The Competition Commission of India has approved the proposed acquisition of certain stake in Schneider
Electric India Private Limited(SEIPL/Target 1) and Schneider Electric JV Holdings 2 Pte. Ltd.
(SEJV2/Target 2) respectively by Schneider Electric SE (Schenider/Acquirer) from the MacRitchie
Investments Pte. Ltd (Seller)
The ‘Proposed Combination’ envisages –
a. Schneider’s proposed acquisition of 35% stake in SEIPL (Proposed SEIPL Transaction)
b. Schneider’s (through Schneider Electric South East Asia (HQ) Pte. Ltd.) proposed acquisition
of 35% stake in SEJV2 (Proposed SEJV2 Transaction)
The Acquirer is a company incorporated under the laws of France and is governed by European Council
Regulation (EC) No. 2157/2001 of 08th October 2001. Schneider is actively involved in the digital
transformation of energy management and automation in homes, buildings, data centres, infrastructure and
industries. With a global presence in over 100+ countries, Schneider is present in Power Management –
Medium Voltage (MV), Low Voltage (LV) and secure power, and in Automation Systems. Schneider also
provides integrated efficiency solutions, combining energy, automation and software. Schneider operates
through its subsidiaries and affiliates in India and offers products and services relating to, inter alia the
electrical and automation business.
Target 1 is a company incorporated in India and is an indirect subsidiary under full operational control and
management control of Schneider, even prior to the Proposed Transaction. SEIPL is actively involved in
the digital transformation of energy management and automation in homes, buildings, data centres,
infrastructure and industries. Further, SEIPL is present in Power Management - MV, LV and secure power,
and in Automation Systems.
Target 2 is a private limited company incorporated under the laws of Singapore.
Detailed order of the Commission will follow.
******NB/PK
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