Schneider Electric, the French power and control company, has bought the remaining interest it does not own in MGE Systems, the  power supply systems company, for an enterprise value of €850m (£597m).

Schneider, which already owns 32.3% of MGE, is exercising a call option and will acquire the company in two stages.

David Rothnie

Schneider Electric

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Schneider buys power supply company

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