Schneider Electric to Invest EUR500 Million in Startups
October 03 2019 - 12:18PM
Dow Jones News
By Kim Richters
France's Schneider Electric SE (SU.FR) said Thursday that it
plans to invest 500 million euros ($547 million) in startups over
the next five years.
Schneider hopes to "remain at the forefront of technology" and
strengthen its business by investing in and collaborating with
startups, said Emmanuel Lagarrigue, the electrical-equipment
provider's chief innovation officer.
The company didn't define in which country or industry potential
investments could happen.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
October 03, 2019 12:03 ET (16:03 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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