Carlyle, Schneider to Extend Infrastructure Partnership
April 12 2019 - 2:51AM
Dow Jones News
By Nathan Allen
Carlyle Group LP (CG) and Schneider Electric SE (SU.FR) will
expand their infrastructure-development partnership, the companies
said Friday.
The partnership builds on the companies' existing strategic
alliance to deploy microgrids in big infrastructure projects.
As part of the partnership Schneider and Carlyle plan to launch
a joint venture named AlphaStruxure to design and engineer
distributed energy and microgrid networks.
By combining Carlyle's investment capital and Schneider's
engineering expertise the companies hope to overcome the funding
constraints that have prevented more investment flowing into
upgrading critical infrastructure.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
April 12, 2019 02:36 ET (06:36 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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