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

  • TomTom Telematics and Shell collaborate on telematics and fleet management
    November 11, 2015
    TomTom Telematics and Shell are to cooperate to offer businesses in Europe a complete fuel management solution using the TomTom Telematics fleet management platform Webfleet alongside Shell fuel management services. As a result of this agreement, TomTom Telematics will launch a service that integrates euroShell Cards data into its Webfleet platform, making fuel transactions and fuel management information available for users in one system. “TomTom Telematics has a strong portfolio and high performanc
    Read More
  • Intelligent transportation system market ‘worth $33.89 billion by 2020’
    July 17, 2015
    According to a new market research report by MarketsandMarkets, the intelligent transportation system market is expected to grow at a CAGR of 11.57 per cent between 2015 and 2020, and reach US$33.89 billion by 2020. The report, Intelligent Transportation System Market by Component (Interface Board, Sensor, Surveillance Camera and Others), System (ATMS, ATIS, ITS-Enable Transportation Pricing System, APTS, and CVO), Application, and Geography - Analysis & Forecast to 2015 – 2020, says that continuous inno
    Read More
  • McCain parking guidance system acquired by Swarco
    May 10, 2013
    Swarco Traffic Americas has acquired the McCain parking business unit, which uses LED signs, single space indicators and software to provide real-time information to motorists and parking operators. The acquisition enables Swarco to further broaden its product offering in the United States with technology and project references that perfectly align with the company’s standards. McCain will continue to produce all of Swarco’s hardware through its contract manufacturing division that offers turnkey manufactur
    Read More
  • Schneider helps relieve traffic in Dallas in U.S. DOT pilot program
    April 23, 2013
    A U.S. DOT pilot program in Dallas aims to reduce traffic congestion along a 28-mile segment of US-75 through closer coordination of multiple transportation agencies and city governments.
    Read More

Highlighted Content