Schneider Electric is in discussions with Bentley Systems regarding a potential acquisition
Schneider Electric, a French energy management company, has confirmed that it is in preliminary discussions with US-based Bentley Systems regarding a potential transaction.
Schneider stated that it has been exploring opportunities in line with its One Software strategy and has been in talks with Bentley Systems about a potential strategic transaction.
The discussions are at a preliminary stage, and there is no certainty that any transaction will be agreed upon. Bentley Systems, a software specialist with a market value of nearly $16bn, provides infrastructure engineering software for various applications.
The nature of the potential deal has not been disclosed, but sources familiar with the matter reported that the discussions could involve merging Schneider’s software business with Bentley.
If a full takeover occurs at current valuations, it would be one of the top ten US acquisitions by a French company, according to Dealogic.
Schneider Electric, known for its energy management equipment, has been expanding its software division through acquisitions. With a market value of around $127bn (€119.21bn), Schneider Electric earned revenues of around $38.7bn and a net profit of $4.26bn last year.
Its Software & Services business unit, which saw a 17% organic revenue increase in the fourth quarter, represents 19% of its annual revenues.
source: Schneider
