Schneider Electric to acquire InStep Software

Schneider Electric has agreed to acquire InStep Software, a provider of real-time performance management and predictive asset analytics software. The deal is expected to close in the fourth quarter of 2014.

“Schneider Electric has entered into an agreement to acquire InStep Software, a provider of real-time performance management and predictive asset analytics software and solutions. Officials say it is the latest acquisition from the company’s growing software business and will deepen its presence in the power and energy market. The transaction is expected to close in the fourth quarter of 2014, subject to customary regulatory and other closing conditions.”

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