SIEGY - Schneider Electric Outperforming Through The Downturn And Adding More Software Assets
The electrification and automation markets have certainly been impacted by COVID-19, but Schneider (OTCPK:SBGSY) (SCHN.PA) continues to execute at a high level. Benefitting from healthy demand in areas like data centers, utility smart grids, and building automation, Schneider’s business held up well during the first half of the year. Moreover, the company continues to invest in its future, with its majority-owned software operation AVEVA (OTCPK:AVVYY) acquiring OSIsoft in a widely-expected deal.
Since my last write-up, the local shares have more or less kept pace with the broader industrial