Debevoise & Plimpton LLP is advising Schneider Electric S.E., the global specialist in energy management and automation, in the sale of its Telvent DTN division to TBG AG, a private holding company headquartered in Zurich, Switzerland. The transaction, which is based on an enterprise value of approximately $900 million, is expected to close in the second quarter of 2017.

Telvent DTN is a leader in providing information services, supply chain connectivity tools and decision support solutions to the agricultural, energy and environmental industries. The unit was acquired by Schneider Electric through the approximately €1.4 billion acquisition of Telvent S.A. in 2011, a transaction on which Debevoise also represented Schneider Electric.

The Debevoise team is led by partner Paul S. Bird and includes partners Jeffrey P. Cunard, Gary M. Friedman and Jonathan F. Lewis and associates Jessica Batzell, Spencer Gilbert, Jordan Corrente Beck, Michelle M. Hillenbrand, Doug Hirn, Stephen J. Kozey and Lauren M. Sirois.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.