Seattle, WA, USA--(Jobwerx News)--Schneider Electric announces the acquisition of the outstanding shares of ELAU AG.

ELAU to lead Schneider Electric’s packaging automation initiative.

Schneider Electric (Rueil-Malmaison, France), the minority shareholder of ELAU AG, announced today the acquisition of the outstanding 53.5 % of the shares of the ELAU group, previously held by family members. This acquisition is still subject to antitrust review.

With unparalleled experience in the application of automation technology in packaging machinery, ELAU will establish Schneider Electric’s global leadership in the packaging market. ELAU AG will pursue its proven strategy as an autonomous business unit and will continue to target annual growth of approximately 25%. ELAU will leverage its identity and market position as the technology leader providing its customers with significant competitive advantages in the global packaging market.

The acquisition supports three key aspects of Schneider Electric’s strategy:

• acceleration of growth in the packaging OEM machine market
• widening its offer in the Motion Control field
• strengthening of its presence in the European and North American Industrial Automation market

As market leader, ELAU provides core technology that enables packaging machines to deliver the increased efficiency and flexibility demanded in the global packaging industry. Schneider Electric is a € 10 billion company that supplies an extensive range of quality electrical devices to implement automation throughout the enterprise. The integration of ELAU’s domain expertise and Schneider‘s worldwide resources provides ELAU customers with an unprecedented product and service offering.

ELAU - “On the best machines”

Based in Marktheidenfeld, Germany, ELAU has 275 employees and subsidiaries in Italy, USA, France and UK. ELAU AG produces servo motors, controls, drives and software solutions tailored for the packaging industry. ELAU AG experienced an outstanding annual growth of approximately 25 % for the past several years and holds the position of technology leader for the automation of packaging machines. In 2005 the company’s sales are projected to reach € 50 million.

Schneider Electric - “Give the best of the New Electric World to everyone, everywhere, at any time.”

Schneider Electric, the world’s Power & Control specialist with leading global brands such as Merlin Gerin, Square D and Telemecanique, offers its customers a comprehensive range of products and services for the four following main markets: residential, buildings, industry/energy and infrastructure. Schneider Electric’s 85,000 employees generated sales of € 10 billion in 2004 through 13,000 sales outlets in 130 countries.

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