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

  • European Truck Platooning Challenge gets under way
    April 6, 2016
    Something huge in the field of connected vehicle technology and automated driving, which is grabbing headlines around the world, will arrive here at Intertraffic Amsterdam later today. Dirk-Jan de Bruijn, programme director of the European Truck Platooning Challenge 2016, sets the scene and looks to the future.
    Read More
  • California Mobility Center opens for business 
    March 17, 2021
    Sacramento-based hub gives smart mobility start-ups access to venture capital
    Read More
  • Technology advances improve enforcement
    July 26, 2012
    Across the board, technology is being brought to bear to improve the efficiency of enforcement. Bus lane monitoring, parking and controlled access have all benefited from systems introduced in recent months. While speed and red light infringements tend to attract the most attention, there remain several other areas of enforcement where automation can bring significant operational and efficiency benefits. Lane monitoring and access control also continue to benefit from technological development.
    Read More
  • Increased connectivity helping cities shift to flexible mobility, report finds
    November 12, 2015
    A recent report from Navigant Research, Urban Mobility in Smart Cities, analyses the global market for smart urban mobility infrastructure and services in smart cities, including car-sharing, ride-sharing, advanced traffic management, smart parking, and other transportation innovations, with regional forecasts for revenue, through 2024. It indicates that the market for smart urban mobility infrastructure and services is expected to total US$144 million from 2015 to 2024. Cities have long been focal point
    Read More

Highlighted Content