Schneider accepts Carlyle, PAI offer for sensors unit

|About: Schneider Electric SE (SBGSF)|By:, SA News Editor

Schneider Electric (SBGSF) says it accepted a binding offer made by P-E funds Carlyle Group (CG) and PAI Partners for its sensors business in a deal based on an enterprise value of $900M.

According to the deal, Schneider would invest $100M in CST and retain a 30% stake in the unit.