Schneider Electric Completes Its Acquisition of Invensys
Schneider Electric, a global provider of energy management solutions, completed its acquisition of Invensys plc, a global provider of automation solutions.
With this acquisition, Schneider Electric expects to significantly enhance its position as a provider of efficiency solutions integrating power and automation. The transaction provides Schneider visibility in the industrial and infrastructure sectors.
“We are delighted to announce the completion of the acquisition of Invensys and warmly welcome the teams joining us," said Jean-Pascal Tricoire, chairman and CEO of Schneider Electric, "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.”
READ ALSO: Schneider Electric Introduces Online Energy Manager Certification
“Invensys brings proven capabilities in process automation technologies that are very complementary with those of Schneider Electric’s Industry business” said Clemens Blum, executive VP of Schneider's Industry business. “We are now in a position to offer to both our customers and those of Invensys a unique value proposition in terms of segment knowhow, technologies and geographic footprint.”
According to a report by Andy Chatha of ARC Advisory Group, the acquisition will enable Schneider Electric to add major process distributed control system (DCS) and safety product lines to its portfolio, as well as a large DCS and instrumentation installed base. Chatha also expects the addition of Invensys's Wonderware software platform to expand the reach of Schneider's industry coverage.
