Schneider Electric also has a listed Indian subsidiary, Schneider Electric Infrastructure, in which the French company owns a 75% stake.

Schneider Electric is a global player in energy management and automation business.

The company, which grossed revenues of Rs 4,586 crore last year, expects to close the fiscal year 2014 with over Rs 5,000 crore.

Last year, the L&T E&A business grossed revenues of Rs 4,586 crore, of which 28 per cent came from international businesses, Bhargava said.

The acquisition of Thalest by L&T's electrical and automation business division is aimed at expanding the automation offerings for ships.

Engineering major Larsen & Toubro today said it acquired UK-based Thalest, which offers various solutions for naval and mercantile marine s...