By Sarah Sloat 
 

Schneider Electric SE has agreed to sell its Eurotherm unit to Watlow Electric Manufacturing Co., a thermal systems producer, the French industrial company said Wednesday.

Financial details weren't disclosed. Eurotherm is a provider of temperature and power control and measurement solutions and employs about 650 people, Schneider said.

The deal is subject to certain conditions such as regulatory approvals and employee consultation processes. Schneider said it expects the transaction to be completed by the end of the year.

 

Write to Sarah Sloat at sarah.sloat@wsj.com

 

(END) Dow Jones Newswires

June 08, 2022 02:03 ET (06:03 GMT)

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