Schneider Electric Opens Courtship of Invensys; No Word Yet on Rival Suitors

The value for Schneider comes from the potential to add substantially to its offerings for the process industries such as oil and chemical refineries, food processing and water treatment.

With its eyes on marquee brands such as Wonderware, Foxboro, Eurotherm and Robertshaw, Schneider Electric, Paris, is said to be preparing a formal offer for Invensys, a U.K.-based conglomerate of industrial software, automation and control products.

Invensys disclosed on July 12 that Schneider had made an informal offer of £3.3 billion (about $5 billion) for the company. Schneider responded with a release confirming its interest, but s

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.


Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish