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Schneider Electric acquires DIGILINK

Posted: 15 Apr 2011     Print Version  Bookmark and Share

Keywords:connectivity market  cabling systems  power  IT 

Energy management company, Schneider Electric announces that it has signed an agreement to acquire the assets of structured cabling systems, DIGILINK, from Smartlink Network Systems Ltd.

Headquartered in Mumbai, the DIGILINK business has 92 employees and generated sales of about Rs.155 crore (approx. Euro 25 million) in calendar year 2010. It has a manufacturing unit and an R&D centre in Goa along with sales and distribution offices across India. DIGILINK brand provides structured cabling and network connectivity in India with a strong presence in retail, educational institutes, government, financial services, small office, and home office segments.

With DIGILINK, Schneider Electric assumes better opportunities to capture fast-growing Indian network connectivity market as well as in other new economies, particularly in Asia Pacific and Middle East. The Group will be able to gain access to DIGILINK's well-established distribution network in the retail sector which complements its presence in enterprise segments and will generate significant cross-selling opportunities for its power and IT products.

Mr Eric Rondolat, Executive VP, Power Asia Pacific, says, "This acquisition reaffirms our strong commitment to grow our presence in India. With DIGILINK, Schneider Electric becomes a leading Indian player in the fast growing structured cabling market and generates synergies by leveraging its distribution network. We also aim to capture market opportunities in other new economies with its products."

The completion of the transaction is subject to Smartlink Network Systems Ltd. shareholders and regulatory approvals and satisfaction of conditions precedent. The purchase price of the transaction is Rs.503 crore (~ Euro 80 million). The acquisition is expected to meet Schneider Electric's Return on Capital Employed criteria.

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