Schneider Electric SE Mulling Sale of DTN

Dan General, Industry News Release

Bloomberg reports power-equipment maker Schneider Electric SE is weighing a sale of agriculture news and data service DTN. The price tag could be an estimated $1.5 billion, according to sources familiar with the matter. Schneider, with a market value of more than $40 billion, is a French multinational corporation specializing in electricity distribution. Schneider, lik many energy-focused companies, is weathering lower demand stemming from decreased oil and gas prices. Sources tell Bloomberg Schneider does not consider DTN a “core operation,” despite being a solid, profitable business. DTN would likely attract interest from both information and technology companies as well as private equity firms, and Schneider could decide whether to auction off the unit as soon as next month, according to the report.

From the National Association of Farm Broadcasting news service.