Schneider Electric Buys Conzerv in India

Schneider Electric will acquire Conzerv Systems, the designer and manufacturer of digital energy meters in India. Schneider Electric says this acquisition will significantly reinforce its position to capture opportunities in the fast growing energy efficiency field in India. Conzerv products will also further complete Schneider Electric’s offering in power monitoring for its international markets.

Russell Stocker, Executive Vice-President of Schneider Electric’s Asia-Pacific Operating Division commented: “Together with Conzerv, we now have in India a unique energy efficiency portfolio comprising of audit and measure, active remediation, and monitoring. We are very excited as the combination of products, technologies, channels, markets, and above all talent will transform us into a formidable force in the energy efficiency arena in India and further accelerate our development in this area.”

Ms. Hema Hattangady, Vice Chairman & CEO, Conzerv added: “We feel delighted and proud to become part of the Schneider Electric family. Teaming up with Schneider Electric will help us to complete our India vision and expand the reach of our offer by leveraging Schneider Electric’s presence across the globe.”