Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

M.10225 - AES/Coatue/Schneider Electric/Uplight

SECTION 1.2

Description of the concentration

On 6 April 2021, the Commission received a notification of a proposed concentration

pursuant to Article 4 of Council Regulation (EC) No 139/2004, by which AES, Coatue and

Schneider Electric intend to acquire indirect joint control over Uplight.

The business activities of the undertakings concerned are:

(a) AES (incorporated in Delaware, United States): AES is a Fortune 500 global energy

company which mainly operates thermal and renewable electricity generation and

distribution businesses.

(b) Coatue (formed in Delaware, United States): Coatue is a global investment manager

focused on technology, media and communications industries. Coatue currently has

approximately $40 billion in assets under management.

(c) Schneider Electric (incorporated in France): Schneider Electric is the ultimate parent

company of an international group that is mainly active in power management –

medium voltage, low voltage and secure power – and in various types of software

solutions and products for automation and energy management.

(d) Uplight: Uplight is a U.S.-based energy solutions company providing utilities with the

software that enables end-consumers to monitor and adjust their energy consumption

habits to reduce usage and costs.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.