Invensys

Invensys Ltd. is a multinational engineering and information technology company headquartered in London, United Kingdom. It was formed in 1999 through the merger of BTR plc and Siebe plc. It has offices in more than 50 countries and its products are sold in around 180 countries. It was taken over by the French multinational Schneider Electric for a total consideration of £5.5 billion in January 2014. Schneider plan to replace the "Invensys" name with their own, therefore the "Invensys" brand name shall be phased out. The company was founded originally on the 1st April 1920 as Siebe Gorman & Company Ltd and has continued through various name changes registerd at Companies House since that date.

Invensys lines of business are grouped into four segments: Software, Industrial Automation, Energy Controls and Appliance. Its brands include Avantis, Eurotherm, Foxboro, IMServ, InFusion, Triconex, SimSci, Skelta, Wonderware, Drayton, Eberle, Eliwell.

History

Invensys was formed through the merger of BTR plc and Siebe plc in 1999. From 1999 to 2004, it underwent a major restructuring programme to cut its costs as falling sales and large debts had led to the danger of its going bankrupt. A major disposal programme combined with a £2.7bn debt restructuring in 2004 saved it from collapse. During that time it bought and sold The Baan Corporation.