Schneider Electric is not owned by any other company or parent corporation; it is an independent publicly traded multinational company owned by its shareholders. Schneider Electric is listed on the Euronext Paris stock exchange under ticker SU and is part of the CAC 40 index of the 40 largest publicly traded companies in France, meaning it is owned by institutional investors, mutual funds, and individual shareholders worldwide who buy its stock. It was founded in 1836 by brothers Adolphe and Joseph-Eugene Schneider in Le Creusot, France, and has remained independent for nearly 190 years, growing through acquisitions of other companies like Square D in 1991, APC in 2007, and Aveva, but it has never been acquired itself. No single entity owns a controlling stake; its largest shareholders are institutional investors like BlackRock, Vanguard, and French institutional investors, but none own a majority. So Schneider Electric itself is the parent company for brands like Square D, APC, Clipsal, Pelco, and others, not a subsidiary of another corporation. It is often confused with being owned by Siemens or other electrical giants, but it is independent and competes directly with Siemens, Eaton, ABB, and Legrand as one of the world's largest electrical manufacturers.
1 votes
Marked as accepted