Invensys

Invensys plc
legal form	Public Limited Company
founding	1999
Seat	London , UK
management	Wayne Edmunds ( CEO )
Number of employees	9,800 (end of 2013)
sales	1.8 billion pounds (2013)
Website	www.invensys.com

Invensys plc , based in London, is a formerly listed technology group in the field of control and management systems for industrial automation and air conditioning. The company has been a subsidiary of Schneider Electric since 2013 and employs around 10,000 people.

background

Invensys was created in 1999 through the merger of the two traditional British groups BTR and Siebe. The company quickly ran into economic difficulties and had to be restructured between 1999 and 2004 to cut costs and to compensate for declining sales and excessive debt; only through a sales program and a 2.7 billion pound rescheduling in 2004 could the company be restructured.

In the spring of 2012 problems arose again as part of delays in the delivery of control systems for Chinese nuclear reactors, which led to a 50% drop in the share price.

As a result, Invensys Rail (control and signaling systems for rail transport) was sold to Siemens in November 2012 for £ 1.742 billion . The purchase was completed in May 2013. Siemens also acquired skills in the construction of ETCS line equipment.

The French electrical engineering group Schneider Electric acquired the company in July 2013 through a public takeover offer for a total value of 4 billion euros.

Web links

Invensys website

Individual evidence

↑ ^a ^b ^c ^d Annual Report 2013 (PDF) on invensys.com, accessed on June 9, 2013.
^ Good signals at Invensys. In: The Guardian. April 18, 2004, accessed June 10, 2014 .
↑ Invensys shares tumble on profits warning. In: Daily Telegraph. January 13, 2012, accessed June 10, 2014 .
↑ Proposed disposal of Invensys's Rail Division for £ 1,742 million, agreement with Trustee of Invensys's UK Pension Scheme, proposed £ 625 million return of capital and strategy for the more focused continuing Group. (PDF) press release. Invensys, November 28, 2012; archived from the original on February 6, 2013 ; accessed on June 10, 2014 .
↑ Chris Jackson: 'We want to be the number one' . In: Railway Gazette International . tape 172 , no. 2 , 2016, ISSN 0373-5346 , p. 38-41 .
↑ Also Germany with ETCS Level 2 . In: Eisenbahn-Revue International . No. 2 , 2016, ISSN 1421-2811 , p. 76-78 .
↑ Billion acquisition : Schneider is arming against Siemens. In: Handelsblatt. July 31, 2013, accessed June 10, 2014 .

[gb2013-1] Annual Report 2013 (PDF) on invensys.com, accessed on June 9, 2013.

[2] Good signals at Invensys. In: The Guardian. April 18, 2004, accessed June 10, 2014 .

[3] Invensys shares tumble on profits warning. In: Daily Telegraph. January 13, 2012, accessed June 10, 2014 .

[4] Proposed disposal of Invensys's Rail Division for £ 1,742 million, agreement with Trustee of Invensys's UK Pension Scheme, proposed £ 625 million return of capital and strategy for the more focused continuing Group. (PDF) press release. Invensys, November 28, 2012; archived from the original on February 6, 2013 ; accessed on June 10, 2014 .

[rgz-2016-2-38-5] Chris Jackson: 'We want to be the number one' . In: Railway Gazette International . tape 172 , no. 2 , 2016, ISSN 0373-5346 , p. 38-41 .

[eri-2016-76-6] Also Germany with ETCS Level 2 . In: Eisenbahn-Revue International . No. 2 , 2016, ISSN 1421-2811 , p. 76-78 .

[7] Billion acquisition : Schneider is arming against Siemens. In: Handelsblatt. July 31, 2013, accessed June 10, 2014 .