Schneider swoops

A further deal that underscores the trend of moving manufacturing capacity to Asia.

In a deal that says a lot about the changing balance of power in global manufacturing, French giant, Schneider Electric has entered into a delayed takeover for Clipsal Industries's Asian manufacturing capability.

The French multinational is interested in Clipsal's Asian footprint, both for growth reasons and also as a place to lower its own cost of manufacturing. It will merge its electrical wiring business with that of Clipsal, which has been listed in Singapore since 1992, and is...

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