Schneider Electric has entered into exclusive negotiations with carlyle investment funds and PAI Partners for the complete sale of the Custom Sensors Technologies (CST)business on a business value basis of $900 million (approximately 650 million euros). CST is notably present in France via Crouzet Automatismes. As part of the transaction, Schneider Electric would reinvest approximately $100 million alongside Carlyle, PAI and CST's management to hold a close to 30% interest in Cst.
Custom Sensors - Technologies (CST) is best known for its brands: BEI Kimco, EIB Sensors, Crouzet, Crydom, Kavlico, Newall and Systron Donner Inertial. It offers sensors and components of automation (small engines, relays, actuators for critical applications (Defence, Transport, Energy, Medical, Food, Industrial, etc.).
This project is part of the Group's regular review of its strategic business portfolio to focus on energy management and efficiency technologies, combining electrical distribution and automation.
Read more: https://www.cstsensors.com/