Partnering up with Citigo Power Vietnam JSC (Citigo), one of the leaders in supplying energy-saving electric equipment and solutions in Vietnam, will make it easy for Schneider Electric to expand its distribution channel in Vietnam.
|Morgan Yvon Charles Duarte, general director of Schneider Electric IT Vietnam |
On December 18, Schneider Electric signed a co-operation agreement with Citigo. Accordingly, Citigo will become a strategic partners to distribute Schneider Electric’s products.
Vietnam is considered a potential market as urbanisation and digital transformation have changed people’s lives as well as the operations of enterprises.
Besides, in the context of the Fourth Industrial Revolution, establishing information technology platforms is now a critical demand to operate enterprises effectively. Big Data, machine learning, artificial intelligence (AI) and Industrial Internet of Things (IIoT) are all debuting to serve people’s demand for digital products in the 4.0 age. Applying these innovations in collaboration with IT and OT (operation technology) to manage enterprises will be the key to success for enterprises.
|Bui Xuan Loc, general director of Citigo |
With deep understanding about the market as well as its creative capacity, Citigo is a good match for Schneider Electric, and will be able to help Schneider to penetrate deeper into the market. According to the agreement, Citigo will be in charge of distributing Schneider Electric's APC-branded products, namely Rack & Accessories System (RAS), UPS System, and Precision Air Conditioning, among others.
Co-operating with Citigo is part of Schneider Electric’s important strategy to reinforce and expand its market share in the north by targeting small- and medium-sized enterprises (SMEs).
In general, the co-operation will help the two parties better exploit their potential to create products which help to optimise the energy management process and optimise automation processes in developing smart cities.
“Selecting Citigo to become the strategic partner to distribute IT and energy solutions in Vietnam is part of Schneider Electric’s development plan and will help us meet enterprises’ critical demand in the Fourth Industrial Revolution. We believe that the co-operation will support SMEs in Vietnam in managing energy and operating systems, allowing them to reach economic and technological breakthroughs,” said Morgan Yvon Charles Duarte, general director of Schneider Electric IT Vietnam.
|Schneider Electric also orgainised a meeting with its partners |
Schneider Electric is leading the digital transformation of energy management and automation in homes, buildings, data centres, infrastructure, and industries with operations in more than 100 countries.