Schneider Electric completes $5bn Invensys acquisition

Schneider Electric has completed its acquisition of Invensys PLC. The acquisition is reported to be worth US$5 billion.

According to the company, the resulting combined entity will “have a unique position in industrial and infrastructure end-markets”.

“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.”

As part of the transaction, Schneider Electric issued 17,207,427 New Schneider Electric Shares with ISIN FR0000121972 on 20 January. The shares were admitted to trading on Euronext Paris (Compartiment A) and commencement of dealings began on 20 January.

“Invensys brings proven capabilities in process automation technologies that are very complementary with those of Schneider Electric’s industry business,” said Clemens Blum, executive vice-president of the industry business of Schneider Electric.

“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.”