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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Schneider Electric SE    SU   FR0000121972

SCHNEIDER ELECTRIC SE

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Schneider Electric : to Launch Offer of EUR29 a Share for RIB Software

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02/13/2020 | 02:43am EDT

By Cristina Roca

Schneider Electric SE will launch an offer of 29 euros a share ($31.74) for construction software company RIB Software SE, it said Thursday.

The French company said the offer values RIB's equity at about EUR1.4 billion and is supported by RIB's board. The two companies have signed a business-combination agreement.

The voluntary public tender offer will have a minimum acceptance threshold of 50% plus one share, Schneider said.

The acquisition should be accretive to Schneider's adjusted earnings before interest, taxes, and amortization margin in 2021, and will be immediately neutral or positive to earnings per share excluding transaction one-offs, the company said.

The deal should position Schneider as the reference solution-provider for smart buildings in view of the energy transition and of digitization, the company said. It will also boost Schneider's capabilities in the build/construction phase, which currently "suffers from a high level of inefficiency due to very low adoption of digital technologies," Schneider said.

Closing is expected in the second quarter of 2020, Schneider said.

 

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

 

Stocks mentioned in the article
ChangeLast1st jan.
RIB SOFTWARE SE 0.14% 28.62 Delayed Quote.26.37%
SCHNEIDER ELECTRIC SE -5.85% 74.24 Real-time Quote.-14.12%
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Financials (EUR)
Sales 2020 26 770 M
EBIT 2020 3 879 M
Net income 2020 2 422 M
Debt 2020 4 140 M
Yield 2020 3,37%
P/E ratio 2020 17,5x
P/E ratio 2021 15,0x
EV / Sales2020 1,77x
EV / Sales2021 1,65x
Capitalization 43 248 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 94,87  €
Last Close Price 78,58  €
Spread / Highest target 51,4%
Spread / Average Target 20,7%
Spread / Lowest Target -17,3%
EPS Revisions
Managers
NameTitle
Jean-Pascal Tricoire Chairman & Chief Executive Officer
Christel Heydemann Executive Vice President-France Operations
Emmanuel Andre Marie Babeau Deputy Chief Executive Officer-Finance & Legal
Hervé Coureil Executive Vice President-Information Systems
Premraj Krishnakutty Vice President-Research & Development
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