About UsThe iron and steel industry, heavy machinery, and ship building in the 19th century. Electricity and automation management in the 20th century. In 170 years of existence, Schneider Electric has risen to numerous challenges and made major strategic choices to become a leader. Today, energy is at the heart of every ones concern. More than ever, the current situation compels each and everyone to achieve more while using fewer resources. Global specialist in energy management, Schneider Electric makes energy safe, reliable, efficient, productive and green. How? Simply by making energy visible and gives you the means to act to optimise its consumption. |
Happenings / News / Press Coverage09/06/2011
Schneider Electric acquires Leader Harvest Power Technologies, one of the leading players in medium voltage drives in China
Rueil-Malmaison (France), June 9, 2011 - Schneider Electric, the global specialist in energy management, announced today that it has signed an agreement to acquire Leader Harvest Power Technologies Holdings Limited (‘Leader & Harvest’), one of the leading players in the fast-growing medium voltage drives market in China.
Headquartered in Beijing, Leader & Harvest develops, manufactures and commercialises medium voltage (MV) variable speed drives. The company employs over 750 people and has an extensive in-house nationwide sales and service support network across 30 provinces. With an annual growth rate in excess of 20% in the past few years, the company is expected to generate sales of approximately USD 150 million (approx. €100 million) for the current year with an EBITDA margin of about 20%.
Leader & Harvest brings to Schneider Electric:
* Technical competency in MV drive technology, a key energy efficiency enabler
* Strong position in MV system drives in the Chinese market, which represents about 40% of the global MV drive market
* Enhanced solutions offerings, especially in the end-markets such as cement, mining and metals and energy
* Very strong front office employing 150 sales representatives and 100 service engineers
Schneider Electric recently estimated that energy efficiency would represent an incremental market opportunity of USD45 billion annually by year 2020*, a significant portion of which would come from the industrial end-markets in new economies. Drives can provide up to 50% energy savings for industrial motors. MV drives are particularly used in energy-intensive markets such as power generation, mining, minerals and metals, oil and gas, water and water treatment. It is estimated that about 70% of the world’s medium voltage motors are not yet equipped with drives.
The transaction will add another key brick to Schneider Electric’s product and solution offerings that provide energy efficiency to its key targeted end-markets in new economies. Leader & Harvest’s medium voltage drives range from 2 kV to 11 kV, while Schneider Electric is already a leading player in low voltage drives which serve different market segments. Leader & Harvest also improves the Group’s advanced service capability for its customers.
Clemens Blum, Executive Vice-President of Schneider Electric’s Industry business, commented: “Leader & Harvest’s range represents an excellent addition to our industrial automation range of products and solutions. Medium voltage drives are a key element of energy efficient solutions to our key target segments of mining, minerals & metals and water & waste water. The transaction also enlarges our customer reach and presence in China which is a key market for our business. It also provides us with the opportunity to increase our penetration in a number of countries, especially in the new economies.”
Schneider Electric expects the transaction to be highly synergetic with estimated EBITA impact from synergies of USD 25-30 million in 2015. This would be generated primarily by revenue synergies of USD115 million, to be achieved through cross-selling opportunities to the two companies’ customer bases in China as well as geographical expansion. Schneider Electric also expects cost synergies by adding Leader & Harvest to its business platform in China.
Team / ManpowerOlivier Blum
Country President & Managing Director - India
Abid Makani
VP - Power Business
Sreekumar Cr
VP - PFC&M and Energy Business
Sonali Kaushik
VP - LifeSpace
Sai Sri Balaji Lenka
VP - Retail Channel Sales
S Nagarajan
Country President - Sri Lanka & Maldives
Nikhil Pathak
VP - Buildings Business
Pradeep Karnik
VP -Industry Business
Shrinivas Chebbi
VP - IT Business
Vivek Yadav
VP - Distribution Sales
Vikas Jaywant
VP - Rural & CSR Business
Rajani Kesari
VP - Finance
Dr. Shalini Sarin
VP - Human Resource
Manish Pant
VP - Strategy and Alliances
Sandeep Singh
VP - Commercial Excellence
Alexis Grenon
VP - Project Engineering Centre
Alkesh R Solanki
VP- Energy Management Services
Dr. Satish Kumar
VP - Energy Efficiency Ambassador
Damien Dhellemmes
VP - GSC Manufacturing India
Daniel Gheno
VP-Power Engineering India
DeepakN Sharma
Director & Head - Supply Chain & Logistics
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 | Fact Sheet | | | Nature of Business | : | Supplier, Distributor, Manufacturer, Trader | | Major Markets | : | Indian Subcontinent |
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Contact Details| | Company Name:
| Schneider Electric India Private Limited | | Contact Person: | Mr. Bhaskar M | | Telephone: | +(91)-(124)-3940400
| | Fax No: | +(91)-(124)-4222036 | | Address: | 9th Floor, Dlf Building No. 10, Tower C, Dlf Cyber City, Phase Ii, Gurgaon, Haryana - 122002 (India) |
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