August 29 (SeeNews) - France's Schneider Electric said on Monday the Serbian competition authority has cleared the proposed acquisition of real-time IT solutions and information provider Telvent GIT by Schneider Electric Espana.
Schneider Electric Espana is a wholly-owned subsidiary of Schneider Electric.
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"With the receipt of the regulatory approval from the Serbian competition authority, all necessary regulatory approvals and clearances have been granted and the related condition to the closing of the tender offer has been satisfied," the French company said in a press release.
Schneider Electric (www.schneider-electric.com) is a global specialist in energy management with operations in more than 100 countries.