Schneider Electric acquires leading Canadian inverter supplier Xantrex for $412 million

Facebook
Twitter
LinkedIn
Reddit
Email

Schneider
Electric is to purchase Xantrex Technology, Inc. in an all-cash
transaction valued at approximately $412 million. Xantrex is a top 3
global player in the solar and wind inverter market and number 1 in the
U.S. As a condition to the sale, Xantrex will divest its programmable
power business to AMETEK, Inc. for $120 million in cash.

“These transactions maximize value for Xantrex’s shareholders,” said Mossadiq S. Umedaly (pictured), Xantrex’s Chairman. “Becoming a part of Schneider-Electric is an exciting development for our business. Schneider Electric’s outstanding global distribution, service and supply chain infrastructure combined with our world class technology and products will enable us to deliver more of our products to customers worldwide, making this a powerful combination. In addition, our programmable power division is highly complementary to AMETEK’s Power Instruments business.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“This acquisition strongly enhances our position in Energy Management through the development of integrated and complete solutions which further meet customers’ needs for global Energy Efficiency solutions,” commented Jean-Pascal Tricoire, Chairman of the Management Board and CEO of Schneider Electric. 

“The likely acquisition by Schneider Electric highlights the attractiveness and potential of the solar inverter market,” said Ash Sharma, Research Director at IMS Research on reaction to the planned acquisition. “Xantrex’s strong position in North America and also in parts of Europe makes it a particularly attractive target for acquisition, especially given that the USA solar inverter market is anticipated to grow five-fold over the next five years.”

According to IMS Research, the global solar inverter market will be worth more than $2 billion by 2010, sparking other companies to enter the market, resulting in an expected phase of acquisitions and consolidation. 

Read Next

Premium
July 15, 2025
Virtual power plants are emerging as a potentially critical means of meeting the growing power demands from data centres in the US.
July 15, 2025
D.E. Shaw Renewable Investments (DESRI) has started construction at a 150MW solar-plus-storage project in the US state of New Mexico.
July 15, 2025
The US Department of Commerce (DoC) has initiated an investigation into the imports of polysilicon and its derivatives.
July 15, 2025
Indian renewable energy company SAEL Industries is developing a 5GW solar cell and 5GW module manufacturing facility in Greater Noida, Uttar Pradesh.
July 15, 2025
Greater policy clarity will be needed if Germany is realise its FPV potential, according to a report from Fraunhofer ISE.
July 15, 2025
Poland has awarded 1.6GW of solar PV in this year’s renewable energy auction, according to the country’s Energy Regulatory Office.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK