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Schneider Electric has announced the completion of its previously-announced
acquisition of majority shares in APW President Systems Ltd, a public limited
company in India. Shares representing 20 per cent of the share capital of APW were
acquired in a mandatory open offer for the company. In addition, shares
representing 55 per cent of the share capital of the APW were acquired from the
erstwhile promoters of the company. As a result of the foregoing, Schneider
Electric, through its subsidiary, Schneider Electric South East Asia (HQ) PTE LTD
now owns 75 per cent shares in APW President Systems Ltd.
With completion of the acquisition, Schneider Electric becomes a key player in
integrated data centre infrastructure market and further accelerates its
development in this domain, a release from Schneider said.
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