Schneider Electric, a Rueil-Malmaison, France, supplier of electrical and automation products, and Elau AG, Marktheidenfeld, Germany, a supplier of motion control products principally aimed at the packaging machinery industry, have announced what was termed “a close cooperation in the automation of packaging machines.” Further, a shareholder agreement has been concluded in which Schneider Electric acquired a 46.5 percent stake in Elau.
According to Schneider Electric, this agreement responds to three key aspects of its strategy:
• acceleration of growth in the packaging machinery OEM market
• widening of its offering in the motion control field
• enhancement of its presence in the German industrial automation market.
Elau contends that this agreement will accelerate its growth, while maintaining its identity as a technology leader in packaging. Working with Schneider, the company says, will create a worldwide engineering and service network
