Schneider Completes Invensys Buy
Rueil-Malmaison, France — Schneider Electric has completed its acquisition of Invensys plc, a global automation player with a large installed base and a strong software presence.With this acquisition, Schneider Electric is significantly enhancing its position as a provider of efficiency solutions integrating power and automation. The transaction will allow the combined entity to have a unique position in industrial and infrastructure end-markets.
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.”
Clemens Blum, executive vice-president of the Industry business of Schneider Electric, said, “Invensys brings proven capabilities in process automation technologies that are very complementary with those of Schneider Electric’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 know-how, technologies and geographic footprint.”
Schneider Electric is expected to issue 17,207,427 New Schneider Electric shares with ISIN FR0000121972 on January 20, 2014. The New Schneider Electric shares are expected to be admitted to trading on Euronext Paris (Compartiment A) and commencement of dealings is expected at 9.00 a.m. CET on January 20, 2014.