07
Sep
India’s leading engineering, technology, construction and financial services conglomerate, Larsen & Toubro (L&T) announced the closure of the divestment of its Electrical & Automation (L&T E&A) business to a global player in energy management and automation - Schneider Electric. Announced in May 2018, the significant and complex divestment deal has been completed after receiving the requisite regulatory approvals and fulfilment of necessary conditions. L&T’s E&A business with its wide range of low and medium voltage switchgear, electrical systems, industrial and building automation solutions, energy management systems, metering solutions and projects and services business are transferred to Schneider Electric. Schneider Electric…