Schneider targets more licence agreements to accelerate localisation in South Africa

Energy management and automation multinational Schneider Electric is planning to partner with more South African manufacturers as part of a strategy geared towards accelerating the expansion of its domestic market presence, while increasing local content. Global CFO Hilary Maxson told Engineering News during a recent visit to South Africa that the group would pursue licence agreements with local companies, which would produce Schneider Electric -certified products using specialised components, but with the goal of progressively localising the solution over time.