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.”