Schneider Electric announces that, following the agreement signed on October 27, 2022, it has now finalized the previously announced sale of its industrial sensors business, Telemecanique Sensors, to YAGEO.

The cash transaction values Telemecanique Sensors at 723 million euros in enterprise value. It was finalized on October 31, and until that date, Telemecanique Sensors was accounted for in the industrial automation business.

On the basis of the transactions carried out to date, the Group estimates the 2023 2023 scope effect at around -900 million euros (instead of -850 million) on sales, and still at around -30 basis points on the adjusted EBITA margin.

Copyright (c) 2023 CercleFinance.com. All rights reserved.