Schneider Electric has entered into exclusive negotiations with investment funds Carlyle and PAI Partners for the complete divestment of the business Custom Sensors & Technologies (CST), based on an enterprise value of $900 million (around €650 million). CST is present in France via Crouzet Automatismes. As part of the operation, Schneider Electric would reinvest approximately $100 million alongside Carlyle, PAI and management of CST in order to hold a stake close to 30% in CST.
Custom Sensors & Technologies (CST) is best known for its brands: BEI Kimco, BEI Sensors, Crouzet, Crydom, Kavlico, Newall and Systron Donner Inertial. It offers sensors and automation components (small motors, relays, actuators) for critical applications (Defense, Transportation, Energy, Medical, Food, Industrial, etc.).
This project is part of the Group's regular review of its portfolio of strategic activities, with the aim of focusing on energy management and efficiency technologies, combining electrical distribution and automation.
Learn more: https://www.cstsensors.com/