Schneider Electric acquires industry automation expert Invensys
Schneider Electric has acquired Invensys plc. Invensys is an industrial automation expert offering industrial software for process control, control systems, safety systems and instrumentation, and manufactures components for industrial control and home appliances.
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.”