Schneider Electric sells DTN data software unit in $900M deal

 Schneider Electric sells DTN data software unit in $900M deal

  • Schneider Electric (OTCPK:SBGSF) agrees to dispose of its U.S.-based data-software business DTN to Swiss private holding company TBG inside a take care of a firm importance of $900M.
  • Schneider acquired DTN included in its €1.4B ($1.5B) acquisition last year of Spain’s Telvent, nevertheless in October this company announced a strategic look at this company and decided against seeking to generate a subscription-based business being a new cause of revenue.

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AscendEconomy

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