Schneider Electric to acquire Summit Energy Services for $268M

Schneider Electric signed an agreement to acquire Summit Energy Services, an outsourced energy procurement and sustainability services firm, for $268 million on a debt-free cash-free basis, pending regulatory approval.

“Schneider Electric, a global specialist in energy management, announced that it has signed an agreement to acquire Summit Energy Services Inc., a leader in outsourced energy procurement and sustainability services to industrial, commercial, and institutional enterprises.”

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