U.S. private equity firm Transom Capital Group LLC is in exclusive discussions to buy Pelco by Schneider Electric from Schneider Electric SE.
Pelco specializes in video surveillance solutions and services, including cameras, recording and management systems software. The company posted €169 million in revenues in 2018.
Schneider said the proposed deal, which is subject to the relevant work councils' review, aligns with its plan to focus on its core energy management and industrial automation offerings.
The transaction is expected to generate an up to €250 million non-cash loss on disposal, the net impact of which would be excluded from the net income used for dividend calculation.