Schneider Purchases Brazil’s Steck

France-based Schneider Electric has agreed to acquire Brazil’s Steck da Amazonia Industria Electrica. Steck, with estimated sales of BRL180m ($116m) for 2011, manufacturers industrial plugs, contactors, circuit breakers and other electrical systems. Schneider declines to comment on the price of the deal, which advisors it retained, or its financing plans. The deal is expected to be accretive to earnings from year one.