Past and Ongoing Deals: According to The New York Times, Schneider Electric has done business in Iran since the 1970s (The New York Times, March 12, 2010).
According to Schneider Electric's 2009 financial statements, the firm has two subsidiaries based in Iran, Schneider Electric Industries Iran and Telemecanique Iran (Schneider Electric Consolidated Financial Statements, December 31, 2009).
According to the Sayena Management Group, an Iran-based technology firm, Schneider Electric Industries Iran manufactures equipment in Karaj, Iran for a joint investment project with Schneider Electric France (Sayena Management Group Website, accessed July19, 2010).
U.S. Business Ties: According to USAspending.gov Schneider Electric has received over $163,696,636 in U.S. government contracts in the last 14 years, primarily from the Department of Defense (USASpending.gov, accessed July 7, 2014).
Schneider Electric's North American division is active in the United States, and headquartered in Illinois, according to the company's website (Schneider Electric U.S. Website, accessed July 20, 2010). The company's 2009 financial statements list several wholly-owned subsidiaries in the United States (Schneider Electric Consolidated Financial Statements, December 31, 2009).
Last Updated: August 18, 2014