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.

Related Content

  • February 7, 2014
    Lysanda acquires Tracker
    In a deal that will combine Lysanda’s B2B customer base alongside Tracker’s long-standing B2C sales reach, telematics and infomatics provider Lysanda has acquired Tracker Network, a wholly owned subsidiary of Direct Line Group. The combined companies intend to establish Tantalum Corporation, with approximately US$32.5 million in revenues and some 500,000 telematics installations throughout Europe. Commenting on the acquisition, Cédriane de Boucaud, CEO of Tantalum Corporation said: “Lysanda has been a
    Read More
  • August 23, 2013
    Lecip Holdings Corporation acquires Arcontia International
    Arcontia International, Swedish producer of contactless smart card products and solutions for automatic fare collection (AFC) has been acquired by Lecip Holdings Corporation, a Japan-based manufacturer of products and solutions for the bus, train and automotive industry. The acquisition will enable Lecip to expand its range of public transport products and solutions and further strengthen its strategy to become a leading supplier in integrated AFC systems and Intelligent Transportation Systems (ITS).
    Read More
  • March 6, 2014
    Schneider Electric celebrates its 21st ISO50001 accreditation
    Schneider Electric, specialist in energy management solutions, is leading the industry by example, having achieved ISO 50001 Accredited Certification for 21 of its UK sites. Since beginning the undertaking to attain ISO50001 accreditation for its larger operations, Schneider has achieved a 16.5 per cent reduction in energy consumption over three years. All the improvements have been implemented using Schneider Electric’s own products, solutions and services. The ISO 50001 Accredited Certification is
    Read More
  • April 16, 2013
    Schneider Electric to focus on arterial management systems
    Schneider Electric will use the ITS America Annual Meeting to highlight its Integrated Transportation Management which it says is a unique solution that improves mobility through efficient operation of the transportation network and city resources. This provides the comprehensive structure necessary to foster information-sharing and coordination across multiple government agencies. The solution is part of Schneider Electric’s complete suite of SmartCity and SmartMobility solutions that promote more efficien
    Read More

Highlighted Content