Schneider Electric Eyes Full Control Of India JV With Temasek Exit Talks Underway

Image Source : Bloomberg

French industrial giant Schneider Electric SE is reportedly in early-stage discussions to acquire the remaining 35 percent stake in its Indian joint venture from Singapore’s Temasek Holdings Pte. The move could mark a strategic consolidation of Schneider’s footprint in one of its fastest-growing markets.

Deal Structure And Valuation

- The potential transaction is estimated at USD 1 billion (₹8,300 crore), valuing the joint venture at approximately USD 5 billion (₹41,500 crore)
- Schneider currently owns 65 percent of Schneider Electric India Pvt, formed in 2020 through a merger with Larsen & Toubro’s electrical and automation business
- Temasek has been exploring exit options since 2024, including stake sale to Schneider, a third-party buyer, or an IPO

Strategic Rationale

- Full ownership would allow Schneider to streamline operations and accelerate its transformation into a software and automation powerhouse
- The JV has expanded beyond electrical gear into building management systems, data centers, and industrial automation
- India’s rising M&A activity, with USD 31 billion in deals so far in 2025, reflects growing investor confidence and strategic realignments

Market Impact And Outlook

- If completed, the deal would strengthen Schneider’s control over its India operations and offer Temasek a lucrative exit
- Analysts expect the move to enhance Schneider’s agility in deploying capital and scaling digital infrastructure solutions across India

Sources: Bloomberg, CNBC Awaaz, Moneycontrol, The Straits Times, Pune News.