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Schneider Electric will invest more than Rs 850 crore in the switchgear company acquired from L&T

Lauritz Knudsen, a subsidiary of Schneider Electric Group, plans to strategically allocate around Rs 850 crore in the next three years to position itself as a key player in India’s burgeoning electrical sector.

In 2020, Schneider Electric acquired L&T Switchgear, Larsen & Toubro’s electrical and automation business, for Rs 14,000 crore. As part of a rebranding initiative, L&T Switchgear will now operate under the name Lauritz Knudsen.

The organization intends to steadfastly maintain its fundamental principles and steadfast commitment to Viksit Bharat while persisting in the creation, development, and production within India, for India, and for the international market. This approach will expedite the company’s objective to promote innovation and superior quality in the electrical sector, catering to the demands of both the Indian and global markets, as stated in a press release.

L&T Switchgear Rebrands as Lauritz Knudsen:

Lauritz Knudsen emphasized the importance of enhancing its primary low and medium-voltage operations, alongside developing expertise in emerging sectors such as renewable energy generation and e-mobility solutions. This strategic approach aims to cater to diverse sectors such as infrastructure, industries, buildings, homes, and agriculture.

L&T Switchgear Rebrands as Lauritz Knudsen

“Lauritz Knudsen’s vision prioritizes innovation and excellence, aligning closely with India’s growth story,” said Peter Herweck, chief executive officer at Schneider Electric.

In India, we are implementing the ‘Two Brands Two Sales’ strategy with Schneider Electric & Lauritz Knudsen brands to further enhance our impact on India’s transformative journey. Our goal is to provide unmatched options for our customers, as we strive to contribute significantly to the development of India. Deepak Sharma, the zone president of Greater India, as well as the MD and CEO of Schneider Electric India, expressed our commitment to listening, collaborating, and innovating for a developed India.

The potential that India offers in the energy sector is immense. We are now self-reliant in India, and the backing we receive from the Make in India initiative to develop technologies within the country and then introduce them globally is a bonus.

The level of optimism is extremely high,” Sharma stated. Lauritz Knudsen, previously known as L&T Switchgear, boasts a strong manufacturing presence covering 2.1 million square feet of cutting-edge factories, along with a nationwide reach that includes over 33 offices in 500 cities. It has provided training to more than 400,000 professionals through its six strategically located training centers in Pune, Delhi, Vadodara, Lucknow, Coonoor, and Kolkata.

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