Schneider Electric completes the acquisition of Invensys and creates a unique player in Industry Automation
JANUARY
17, 2014 / RUEIL-MALMAISON, FRANCE -
Schneider Electric announces today that it has completed its acquisition
of Invensys plc, a global automation player with a large installed base
and a strong software presence.
With
this acquisition, Schneider Electric is significantly enhancing its
position as a provider of efficiency solutions integrating power and
automation. The transaction will allow the combined entity to have a
unique position in industrial and infrastructure end-markets.
Jean-Pascal
Tricoire, Chairman and CEO of Schneider Electric, commented: “We are
delighted to announce the completion of the acquisition of Invensys and
warmly welcome the teams joining us. With Invensys, Schneider Electric
will reinforce its industrial automation capabilities, boost its
positions in key energy-intensive segments and strengthen its software
offering. Together, we will create substantial value for our customers,
shareholders and employees.”
“Invensys
brings proven capabilities in process automation technologies that are
very complementary with those of Schneider Electric’s Industry
business” said Clemens Blum, Executive Vice-President of the Industry
business of Schneider Electric. “We are now in a position to offer to
both our customers and those of Invensys a unique value proposition in
terms of segment know-how, technologies and geographic footprint.”
Source: http://iom.invensys.com/en/Pages/IOM_NewsDetail.aspx?NewsID=639