France’s Schneider Electric scoops up Xantrex
Well, as suspected, Schneider Electric of France has struck a deal to buy Vancouver-based power electronics maker Xantrex for $410 million. Perhaps just as interesting is that Schneider could be a takeover target of Switzerland’s ABB. Talk about massive fish swallowing big fish swallowing little fish. It’s yet another sign that renewables is the place to be, and that the big companies are gearing up for expectations of higher demand.
Tyler Hamilton is senior energy reporter and columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the cleantech market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper. Tyler can be reached at tyler@cleanbreak.ca