Benzinga | Jul 19, 2021 04:21PM EDT

Kewaunee Scientific Corporation Announces Alliance With Schneider Electric; Financial Details Not Disclosed

Kewaunee Scientific Corporation (NASDAQ:KEQU), a recognized global leader in the design, manufacture, and installation of laboratory, healthcare, and technical furniture products, is proud to announce a strategic alliance between Schneider Electric and Kewaunee Scientific Corporation's International division. The alliance will focus on Kewaunee's core international markets, including India, the Middle East, and the Pan-Asian rim.



The combined experience of Kewaunee's International Division and Schneider Electric will offer an unparalleled value proposition for customers who desire an integrated, turn-key solution when building a new laboratory or modernizing an existing facility. Investments in technology made through the partnership will result in enhanced capabilities to assist customers as they navigate inherent challenges in designing, constructing, and maintaining a twenty-first century laboratory while providing solutions to meet customers' evolving digital and sustainability goals.

"We are proud to enter into this alliance just as the pandemic accelerates the needs of the life sciences and healthcare sectors to reimagine and redesign the operation and functioning of smart laboratories," says Manish Kumar SVP, Digital Buildings, Schneider Electric. "We envision a future where our technical expertise and Kewaunee International's prowess in manufacturing and infrastructure will render all-encompassing smart labs to create a more sustainable ecosystem for our customers."

"The need for transformative solutions and practices in diagnostics and testing have expedited the growth of the Healthcare and Life Sciences industries," says Bhupesh Arora, Business Head, Digital Energy, Schneider Electric India. "Our collaboration with Kewaunee will redefine laboratories with revolutionary technologies that can predict, analyze, diagnose, and provide solutions at unparalleled speed and increased efficiency in India and globally."

"The future of laboratory infrastructure is changing, and Kewaunee is investing and building capabilities to lead the laboratory 4.0 solution transformations for our customers. We are excited to partner with Schneider to provide these cutting-edge capabilities to our customers and grow together as future-ready companies," says B. Sathyamurthy, Vice President & Managing Director -International Operations, Kewaunee Scientific Corporation.

"This alliance brings together two industry leaders to provide an unparalleled offering to customers who demand better performance and insights from their laboratories," says Thomas D. Hull III, President & Chief Executive Officer, Kewaunee Scientific Corporation. "I expect demand for the products and services Kewaunee provides will continue to increase due to a renewed focus on being prepared to combat global health challenges as we saw during this past year. This alliance with Schneider Electric enhances Kewaunee's position as a market leader, increasing the value proposition we offer customers