Electrical Industries, Schneider Electric ink 5-year tech support deal

17/11/2020 Argaam

Electrical Industries Co.'s (EIC) subsidiary, Wahah Electric Supply Company of Saudi Arabia (WESCOSA), signed today, Nov. 17, a technical support agreement with Schneider Electric Co.

 

The company said in a bourse statement that the five-year deal is aimed at providing technical support for the manufacture of low voltage switchgears in the company’s plants.

 

The company expects a positive impact on its financial results for the fiscal year 2022.

 

The signing stems from the company’s plans to enter into agreements and partnerships with international companies to diversify and support their products, indicating that Schneider Electric is one of the world's leading companies in the field of electricity and energy.

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