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.
- 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; firstname.lastname@example.org
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