Invensys Re-Enters FTSE
Andrew Bond, of the Industrial Automation Insider newsletter reports that Invensys is back among the club of U.K. financial big kids, with its re-listing on the FTSE 100 Index of leading U.K. companies and its reclassification within the FTSEs Software sub-sector of its Technology super-sector. The re-entry into the elite list marks another milestone on Invensys return from financial near-death back in 2003.
The announcement coincided with a new phase in the development of Invensys Process Systems (IPS) as an entity in its own right. All the IPS legacy brands such as Foxboro, Triconex or SimSci-Esscor, now carry new IPS branding, including a new logo and tagline―A Revolution in Performance.
Bond observes that the rebranding seems to be designed not only to unify the separate brands and businesses, but also to set IPS apart from the parent company. However, excluded from the exercise are Eurotherm, which remains outside IPS, and Wonderware, which continues its anomalous existence half in and half out of the fold.