APC 2013 Annual Report Download - page 13

2013 IN BRIEF
2013 in brief
Acquisition of Invensys
On July31, 2013, the board of Schneider ElectricSA announced that, in connection with the recommended offer to acquire
that it has reached an agreement on the terms of a Invensys, each of the anti-trust and regulatory conditions have
recommended offer by Schneider Electric to acquire the entire been satisfied. The transaction has been cleared by, amongst
issued and to be issued share capital of Invensys plc. This others, the relevant competition authorities in the United States,
acquisition is a response to Schneider Electric clients’ continual the European Union, China, Canada and Brazil and by the CFIUS
search for higher efficiency and also a strategic deal to further in the United States. On January17, 2014, Schneider Electric
boost its positions in integrated industrial automation and announced that it has completed its acquisition of Invensys plc.
electro-intensive segments. On October10, 2013, Schneider With this acquisition, Schneider Electric is significantly enhancing
Electric noted the announcement made by Invensys plc that an its position as a provider of efficiency solutions integrating power
overwhelming majority of Invensys Shareholders have approved and automation. The transaction will allow the combined entity to
the recommended acquisition of Invensys Plc by Schneider have a unique position in industrial and infrastructure
Electric at the Court Meeting and General Meeting held in end-markets.
London. On December13, 2013, Schneider Electric announced
Finance
External growth It generated average annual sales of more than RUB 20billion
(about EUR500million) since the Group acquired 50% stake in
On March28, 2013, Schneider Electric announced it had 2010, with an adjusted EBITA margin in line with the Group’s
acquired full ownership of Electroshield – TM Samara, further to Infrastructure business.
the 50% acquired in October2010, after obtaining the requisite
Bond issues and sale of treasury stock
regulatory approvals in Russia. Electroshield – TM Samara is one
of the leading Russian players in medium voltage with a strong
presence in key end markets like oil & gas, utilities, mining and On August29, 2013, Schneider Electric launched a
other electro-intensive industries. Electroshield – TM Samara has EUR600million EMTN (Euro Medium Term Note) issue maturing
operations in Russia and Central Asia employing around 10,000 in 8 years. Schneider Electric benefited from low interest rates,
people at 4 industrial sites (in Russia and Uzbekistan). with a coupon rate for this bond of 2.5%.
Strategy, technologies and businesses
On February13, 2013, Schneider Electric hosted the closing On February19, 2013, Schneider Electric and Amaury Sport
ceremony of the HOMES research program at its Organisation announced the signing of a partnership for the Paris
Rueil-Malmaison headquarters in the presence of Cécile Duflot, Marathon, for which Schneider Electric becomes the first ever
Minister of Territorial Equality and Housing in France. Launched title sponsor. By signing for a period of four years with the
in 2008 and led by Schneider Electric, the HOMES program prestigious Paris Marathon, Schneider Electric has joined the
brought together 13 industry and research partners. Its aim was circle of major firms that are official sponsors of other major
to propose operational solutions on a large scale, to allow each marathons in the world, such as New York, London, Berlin or
building to achieve the best energy performance across the Chicago.
entire stock of European buildings, whether new or existing, On February20, 2013, the Hive, the headquarters of Schneider
residential or commercial. In the end, HOMES believes that the Electric in Rueil-Malmaison, was the first building in the world to
creation of an economic sector of active energy efficiency, will receive an “Outstanding” (six stars) certification as part of the
help provide solutions to four key challenges facing Europe: the BREEAM In-Use program. BREEAM is the BRE (Building
reduction of CO2, the creation of jobs that cannot be relocated, Research Establishment) Environmental Assessment Method. It
and the contribution to energy independence without increasing is the world’s foremost environmental assessment method and
the sovereign debt of Member States. rating system for buildings, with 200,000 buildings with certified
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2013 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC