FRANCE — Schneider Electric announced the completion of its acquisition of Invensys plc, Monday. According to Schneider Electric, this acquisition enhances the company's position as a provider of efficiency solutions integrating power and automation.

“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.”

“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.”

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