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

  • Optelecom-NKF renamed following merger with TKH Group
    February 3, 2012
    Optelecom-NKF Inc., manufacturer of advanced Siqura and Optelecom video surveillance solutions, has been renamed from today as a result of its recent merger with the Dutch company,
    Read More
  • TagMaster buys ISS radar business for $4.8m
    September 6, 2023
    Deal - done through Sensys Networks - is expected to strengthen TagMaster in US
    Read More
  • Atlanta ponders Mobility as a Service for seamless transit
    June 29, 2018
    Drivers in Atlanta spent 70 hours in peak-time traffic jams last year. As the MaaS Market conference moves to the US’s fourth most congested city, we ask how Mobility as a Service can help. Colin Sowman winds down his window to listen. It is not by accident that ITS International’s first MaaS Market conference outside London is being hosted in Atlanta. The event is being supported by Georgia State Road & Tollway Authority and the City of Atlanta – and again not without a reason as metro Atlanta is looking
    Read More
  • Swarco restructures UK traffic and parking business
    December 8, 2015
    As part of a previously announced strategy to strengthen its parking and electro-mobility businesses which it says is a key investment focus, Austrian traffic technology group Swarco has announced a restructuring of its UK business and a series of new appointments. The company has created a new parking and e-mobility division comprising APT SkiData, Veri-park, Evolt and APT Security Systems, to be led by Sean Dunstan, the former managing director of APT SkiData, who now assumes a much wider group role.
    Read More

Highlighted Content