Watlow Electric Manufacturing Company agreed to acquire Eurotherm Limited from Schneider Electric S.E. (ENXTPA:SU) on June 8, 2022. The proposed transaction is subject to certain conditions, including customary regulatory approvals and employee consultation processes (including in respect of the French Eurotherm business, for which the parties have entered into exclusive negotiations). The transaction is expected to be completed by the end of the year. Andrew Jolly, Gareth Miles, Duncan Blaikie, Padraig Cronin, Daniel Schaffer, Claire Jeffs, and Samantha Brady of Slaughter and May acted as legal advisor to Schneider Electric. Jeremy Kutner, Alison S. Ressler, Juan A. Rodriguez and York Schnorbus of Sullivan & Cromwell LLP acted as legal advisors to Watlow Electric Manufacturing Company.

Watlow Electric Manufacturing Company completed the acquisition of Eurotherm Limited from Schneider Electric S.E. (ENXTPA:SU) on October 31, 2022.