Friday, January 17, 2014

Invensys acquisition completed by Schneider!

Schneider Electric has just announced that it has completed its acquisition of Invensys.

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.” 

The official release (17/1/2014)

Schneider Electric's Integration of Invensys
"With this acquisition, Schneider Electric significantly enhanced its position to serve the process industries and now has a complete portfolio of products to serve the entire industrial and process automation industry. This article highlights a few key aspects of the integration of the two companies."
(Bill Lydon, Automation.com, 28/1/2014)

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