* Schneider Electric has entered exclusive negotiations with Transom Capital Group, a U.S.-based private equity firm, regarding the sale of its Pelco business unit* Pelco is a global specialist in the design, development, and delivery of trusted end-to-end video surveillance solutions and services including cameras, recording and management systems software. It had revenues of 169m in 2018 and employs 478 staff
* Based on current terms, it would trigger a noncash loss on disposal of up to 250m, the net impact of which would be excluded from the net income used for dividend calculation
* The transaction would be accretive by c.+10bps to the Group adjusted EBITA margin on a full year basis