All closing conditions have been fulfilled, including CFIUS approval received on July 2, 2020, and the settlement of the voluntary public tender offer will be concluded today. RIB will be consolidated in Schneider Electric’s accounts as part of the Energy Management business.
Schneider Electric completes transaction for voluntary public takeover of RIB Software
Schneider Electric, the global leader in digital transformation of energy management and automation, today announced the successful completion of the voluntary public takeover offer for all outstanding shares (ISIN: DE000A0Z2XN6) of RIB Software SE (“RIB”).
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