Connect - Schneider Electric
Connect - Schneider Electric
Connect - Schneider Electric
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2011 IN BRIEF<br />
Energy efficiency<br />
On March 24, 2011, <strong>Schneider</strong> <strong>Electric</strong> announced the signature<br />
of an agreement to acquire Summit Energy Services Inc., an<br />
American company leader in outsourced energy procurement and<br />
sustainability services to industrial, commercial and institutional<br />
enterprises. It is employing more than 350 individuals based<br />
in 11 international offi ces across North America and Europe<br />
and serves client facilities in more than 90 countries. Summit<br />
Energy is a fast-growing business, expected to generate sales of<br />
approximately USD65 million for the current year. The acquisition<br />
of Summit Energy allows <strong>Schneider</strong> <strong>Electric</strong> to broaden its energy<br />
management services and solution portfolio, offering customers the<br />
ability to manage and optimize their energy consumption from the<br />
supply side through the demand side, while also growing <strong>Schneider</strong><br />
<strong>Electric</strong>’s energy and environmental online reporting capabilities.<br />
Venture capital<br />
On February 23, 2011, Aster Capital announced Rhodia’s<br />
acquisition of an interest in Aster II, the venture capital fund targeting<br />
innovative technology start-ups. This fund, specifi cally focused<br />
on energy, advanced materials and environment sectors, should<br />
eventually raise EUR120 to 150 million. Joining forces in this novel<br />
multi-corporate venture capital fund, the three sponsors – Alstom,<br />
Rhodia and <strong>Schneider</strong> <strong>Electric</strong> – will actively promote the<br />
development of young and innovative companies. By fostering<br />
cooperation and partnerships, it will guarantee the relevance of<br />
technologies and markets assessed to investors. Companies in the<br />
fund’s portfolio will also have access to the global network of each<br />
of the three partners.<br />
Innovation, partnerships and major contracts<br />
On March 15, 2011, <strong>Schneider</strong> <strong>Electric</strong> and the City of<br />
Rueil- Malmaison signed the fi rst agreement to trial an energy<br />
effi ciency programme in France. The fi rst of its kind involving a<br />
municipality, the energy effi ciency programme will initially be trialled<br />
at the city library and the Claude Monet middle school in Rueil-<br />
Malmaison. Over eight years, the programme is expected to reduce<br />
energy use at the sites concerned by 20%, thereby trimming the<br />
city’s energy bill and shrinking its environmental footprint.<br />
On April 19, 2011, <strong>Schneider</strong> <strong>Electric</strong> is awarded a turnkey contract<br />
to supply the electrical installation for the future Queensland<br />
Curtis liquefi ed natural gas LNG Project being built by US-based<br />
construction contractor Bechtel.<br />
On April 27, 2011, <strong>Schneider</strong> <strong>Electric</strong> announced a project with<br />
North Carolina State University (USA) to improve energy effi ciency<br />
and drive sustainable, clean energy projects in 1.6 million square<br />
feet of building space across 13 campus facilities. As part of a<br />
USD20 million performance contracting project, the university<br />
will implement facility improvements, equipment upgrades and<br />
energy- effi cient techniques to impact energy use, operations,<br />
reliability and comfort.<br />
On May 17, 2011, <strong>Schneider</strong> <strong>Electric</strong>, in association with Derceto,<br />
Echologics (a division of Mueller Water), i2O Water, TaKaDu and<br />
Telvent, announced the creation of Smart Water Networks (SWAN),<br />
a global industrial alliance formed to promote the development<br />
and adoption of data-driven systems for better water network<br />
management and operation.<br />
12 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC<br />
Bond issues and sale of treasury stock<br />
On June 30, 2011, <strong>Schneider</strong> <strong>Electric</strong> refi nanced part of its debt<br />
and just closed a USD300 million private placement (approx.<br />
EUR210 million). This transaction made under the <strong>Schneider</strong><br />
<strong>Electric</strong> EMTN programme has a fl oating coupon (3-month LIBOR<br />
+ 0.49%) and matures in July 2014.<br />
On July 1st, 2011, <strong>Schneider</strong> <strong>Electric</strong> launched a EUR750 million<br />
EMTN (Euro Medium Term Note) issue maturing in July 2018.<br />
The coupon rate for this bond is 3.75 percent.<br />
On September 15, 2011, <strong>Schneider</strong> <strong>Electric</strong> launched a<br />
EUR500 million EMTN (Euro Medium Term Note) issue maturing in<br />
January 2019. The coupon rate for this bond is 3.50 percent.<br />
Division of the nominal values of the shares<br />
At the Annual Shareholders’ Meeting held on April 21, 2011,<br />
<strong>Schneider</strong> <strong>Electric</strong> shareholders approved the division of the<br />
nominal value of the shares by two. The Management Board<br />
decided that the share par value split takes effect on September 2,<br />
2011. The operation makes the shares more accessible particularly<br />
to individual shareholders and also improves the share liquidity.<br />
Effective on September 2, 2011, instead of every EUR8 nominal<br />
value share held on that date, shareholders receive two shares of<br />
EUR4 nominal value. The division of the nominal value of the share<br />
does not have an impact on the tax situation or the rights of the<br />
shareholders. It is carried out at no expense or formalities for them.<br />
On May 31, 2011, The City of Issy-les-Moulineaux, <strong>Schneider</strong><br />
<strong>Electric</strong>, Alstom, Bouygues Immobilier, Bouygues Telecom, ERDF,<br />
ETDE, Microsoft, Steria and Total created IssyGrid®. This fi rst<br />
district smart grid in France will be built in the Seine Ouest business<br />
district in Issy-les-Moulineaux with the goal of enabling energy<br />
optimization at the neighborhood level.<br />
On June 15, 2011, Soitec and <strong>Schneider</strong> <strong>Electric</strong> announced that<br />
they have signed a memorandum of understanding with Masen<br />
(Moroccan Agency for Solar Energy) on an integrated partnership<br />
on CPV technology. The memorandum of understanding between<br />
Soitec, <strong>Schneider</strong> <strong>Electric</strong> and Masen is part of the Moroccan Solar<br />
Plan. It is supported jointly by the Moroccan and French governments.<br />
It has four key components: Research & Development; Industrial<br />
integration; Training; Pilot projects.<br />
On June 15, 2011, in a world fi rst, <strong>Schneider</strong> <strong>Electric</strong>’s head<br />
offi ce (known has the Hive) has been certifi ed as complying with<br />
the new ISO 50001 standard for energy management systems.<br />
<strong>Schneider</strong> <strong>Electric</strong> is pursuing its commitment to continuously<br />
improving the energy effi ciency of its buildings, reducing their<br />
environmental footprint and enhancing user comfort.<br />
On July 13, 2011, <strong>Schneider</strong> <strong>Electric</strong> announced that it has<br />
teamed with Cisco to provide an innovative comprehensive<br />
energy management solution that monitors and manages energy<br />
consumption across all building domains. With this combined<br />
solution, building owners and managers, architects, contractors,