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10.09.2009

Schneider Electric Divests Selectron Systems

PARIS -(Dow Jones)- French electrical equipment maker Schneider Electric SA (SU.FR) Thursday announced the sale of Selectron Systems AG to its management and employees, backed by private and venture capital investors.

PARIS -(Dow Jones)- French electrical equipment maker Schneider Electric SA (SU.FR) Thursday announced the sale of Selectron Systems AG to its management and employees, backed by private and venture capital investors.

MAIN FACTS:

- The divestiture is part of Schneider Electric's intention to regularly adapt its business portfolio.

- Selectron reported 2008 sales of approximately CHF24M.

- Selectron Systems AG entered the Schneider Electric group in 2001 as part of the Berger Lahr acquisition, and 80% of its turnover is dedicated to the rail sector.

- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; geraldine.amiel@dowjones.com

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