Schneider Electric seeks to acquire Invensys

The board of Schneider Electric has reached an agreement on the terms of a recommended offer by Schneider Electric to acquire the entire issued and to be issued share capital of Invensys, in a deal that the company says will boost its position in integrated industrial automation and electro-intensive market segments. According to Schneider, the acquisition will bring the company strong brands and presence in software for customer operational efficiency. Acquiring a global automation player with a large in
August 5, 2013 Read time: 1 min
The board of 729 Schneider Electric has reached an agreement on the terms of a recommended offer by Schneider Electric to acquire the entire issued and to be issued share capital of Invensys, in a deal that the company says will boost its position in integrated industrial automation and  electro-intensive market segments.

According to Schneider, the acquisition will bring the company strong brands and presence in software for customer operational efficiency.  Acquiring a global automation player with a large installed base will strengthen its global business and boost its position in the integrated industrial automation and electro-intensive market segments.

For more information on companies in this article

Related Content

  • Growth of global connected car M2M connections and services market
    December 17, 2014
    The latest research by ReportsnReports.com, Global Connected Car M2M Connections and Services Market indicates that big data analytics and smart phone apps will foster the growth of the global connected car M2M connections and services market, which will see a 32 per cent CAGR for 2014-2019. According to the report, many big data analytic and automobile companies are joining forces with smart app providers to form partnerships to better understand vehicle performance and automotive businesses. Smart apps
    Read More
  • Electric vehicle charging stations market
    April 7, 2016
    The growing need to reduce carbon emissions is pushing electric vehicle (EV) charging stations market along with increasing use of EVs, government subsidies and incentives according to a new research report from Reports and Reports. It forecasts the market to reach US$12.61 billion by 2022, at a CAGR of 29.8 per cent from 2016 to 2022. The growth of electric vehicle charging stations market is attributed to significant incentives offered by the Chinese government for EV buyers and tightening emission reg
    Read More
  • Econolite Group appoints new president and COO
    August 23, 2016
    Econolite Group (EGI) has appointed Abbas Mohaddes as president and COO, succeeding David St Amant, who is scheduled to retire at the end of 2016. Mohaddes will work closely with St Amant until December to help ensure a smooth transition of responsibilities. Reporting directly to Econolite Group’s CEO Mike Doyle, Mohaddes will be responsible for the company’s global operations, including the continued development of strategic partnerships. During this transition period, EGI will also begin the process o
    Read More
  • Porsche SE acquires PTV Group
    June 8, 2017
    Porsche Automobil Holding SE (Porsche SE) has acquired traffic and transport specialist, PTV Group, for a purchase price in excess of US$338 million (€300 million) as part of a long-term investment strategy.
    Read More

Highlighted Content