Schneider Electric acquires Xantrex Technology


Wednesday, 30 July, 2008

Schneider Electric has signed an agreement with Xantrex Technology to acquire all of its common shares.

Xantrex is a global player in the solar and wind inverter market and the accquisition will reinforce Schneider Electric’s growing position in solutions for renewable energies.

Xantrex is focused on the inverter, the key entry point for solar and wind systems solutions, which efficiently converts raw electrical power from renewable energy generators (such as solar photovoltaic panels and wind turbines) into high-quality, grid-worthy power.

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