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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Schneider Electric SE | EU:SU | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 5.95 | 2.81% | 217.35 | 213.75 | 218.00 | 218.10 | 212.85 | 213.75 | 845,995 | 16:40:00 |
From Apr 2019 to Apr 2024
By Anthony Shevlin
Schneider Electric SE (SU.FR) said Friday that its part-owned Delixi Electric Ltd. has acquired Zhejiang Delixi International Electric Industry Co. Ltd and Delixi Instrument & Meter Co. Ltd.
Schneider Electric, which owns 50% of Delixi Electric, said the acquisitions would raise Delixi's annual revenue to around 1 billion euros ($1.14 billion) on a pro forma basis.
Both acquisitions were funded by cash on Delixi's balance sheet and bank debt, Schneider said.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin
(END) Dow Jones Newswires
January 04, 2019 03:20 ET (08:20 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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