Schneider Electric announces the completion of its preliminary discussions with Bentley Systems regarding a potential strategic transaction, the two groups having mutually agreed not to proceed with such a transaction.

The energy management and automation specialist explains that it 'remains focused on its capital allocation priorities', and confirms that it 'will remain agile and opportunistic with regard to its inorganic development'.

However, the Group reiterates the need for a disciplined approach to stakeholder value creation in any potential strategic transaction', Schneider Electric continues, without giving further details of the discussions.

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