Schneider Electric has signed an agreement with
This new joint venture will be named Delixi Electric and will be incorporated in
According to Schneider, the joint venture will focus on addressing Chinese market needs, and, through an exclusive relationship with Schneider Electric, will also expand its business model into other targeted countries.
In 2007 the joint venture is expected to generate pro-forma revenues of around €220m with an EBIT margin of approximately 10%. It will employ around 4,000 people.