Schneider Electric acquires M&C Energy Group

Source: Schneider Electric

May 16, 2012

Schneider Electric has signed an agreement to acquire M&C Energy Group, a company specialized in energy procurement and sustainability services for both multinationals and small- to medium-sized enterprises.

Headquartered in the United Kingdom, M&C provides its customers with energy procurement, compliance and performance optimization services mostly on recurring subscription basis. The company has more than 500 employees including 300 energy specialists and an international presence with 21 offices across 15 countries, particularly in Europe and Asia-Pacific. M&C expects to generate total sales of approximately £35 million for the current year ending June 2012 with an EBITA margin above the Schneider Electric average.

To learn more about the acquisition, click here.

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