Schneider Electric to acquire Citect


Rueil Malmaison, France and Sydney, AustraliaSchneider Electric’s main Australian subsidiary, Schneider Australia, and Citect have signed a merger implementation agreement. Under the agreement, Schneider Australia will acquire, by way of a scheme of arrangement, all shares in Citect. The enterprise value of the transaction is estimated at 48 million Euros. The agreement remains conditional upon the satisfaction of several precedent conditions.

The acquisition will add supervisory control and data acquisition (SCADA) and manufacturing execution systems (MES) capabilities to Schneider’s industrial automation offerings. According to the release, Schneider expects to benefit from Citect’s acknowledged strengths in the SCADA and MES fields while Citect should benefit from Schneider Electric’s global reach and ability to deliver complete industrial automation solutions worldwide.

Russell Stocker, executive vice president, Schneider Electric Asia Pacific Operating Div., said the acquisition reflects the company’s commitment to extend integrated solutions offerings in industrial and infrastructure fields by delivering highly scalable and reliable systems that reduce cost of ownership and improve product quality. Citect’s people, he said, “will bring R&D experience, end-user relationships, as well as the understanding of SCADA/MES business models.”

Citect is one of the largest independent suppliers of industrial automation software with more than 100,000 software licenses sold to date. It has a network of more than 500 integration partners and 350 employees in 19 offices. Citect generated revenues of 38.2 million Euros in 2004 and is forecasting operating earnings of around 3.6 million Euros (before restructuring costs) for 2005, an increase of close to 20%. According to the announcement, the Citect board of directors has approved the agreement and is recommending the transaction to shareholders.

—Control Engineering Daily News Desk
Jeanine Katzel, senior editor,

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
Each year, a panel of Control Engineering and Plant Engineering editors and industry expert judges select the System Integrator of the Year Award winners in three categories.
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Additive manufacturing benefits; HMI and sensor tips; System integrator advice; Innovations from the industry
Robotic safety, collaboration, standards; DCS migration tips; IT/OT convergence; 2017 Control Engineering Salary and Career Survey
Integrated mobility; Artificial intelligence; Predictive motion control; Sensors and control system inputs; Asset Management; Cybersecurity
Featured articles highlight technologies that enable the Industrial Internet of Things, IIoT-related products and strategies to get data more easily to the user.
This article collection contains several articles on how automation and controls are helping human-machine interface (HMI) hardware and software advance.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Infrastructure for natural gas expansion; Artificial lift methods; Disruptive technology and fugitive gas emissions
Mobility as the means to offshore innovation; Preventing another Deepwater Horizon; ROVs as subsea robots; SCADA and the radio spectrum
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me