Invensys is a leading provider of industrial automation and information technology solutions. The company was founded in 1999 through the merger of BTR plc and Siebe plc.
Invensys has a diverse portfolio of brands, including Wonderware, Foxboro, and Triconex. These brands offer a range of products and services that help customers improve their operational efficiency and reduce costs.
Invensys has undergone significant changes in recent years, including a major restructuring effort in 2011. This effort aimed to reduce the company's debt and improve its financial performance.
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Company History
Invensys was founded in 1999 through the merger of two British companies, Siebe and BTR.
Invensys' early focus was on industrial automation and control systems, which was a natural fit given the combined expertise of its parent companies.
The company's first major acquisition was the acquisition of Baan in 2000, a Dutch enterprise resource planning (ERP) software provider.
This acquisition marked a significant shift in Invensys' business strategy, as it began to expand its offerings beyond industrial automation.
Invensys continued to grow through strategic acquisitions, including the purchase of Wonderware in 2002, a US-based company that specialized in industrial software.
Wonderware's software was widely used in industries such as manufacturing and oil and gas, and its acquisition helped Invensys to expand its presence in these markets.
Invensys' growth was not without its challenges, however. In 2007, the company was forced to write down the value of its assets by £1.2 billion, following a significant decline in the value of its ERP business.
Despite this setback, Invensys continued to evolve and adapt, and in 2013, the company was acquired by Schneider Electric, a French multinational corporation.
Business Deals
Invensys has been involved in some significant business deals. Schneider Electric was in talks to acquire Invensys as far back as July 7, 2013.
Invensys has also been on the acquiring side, having recently completed the acquisition of Indusoft. This deal highlights the company's focus on expanding its software offerings.
In a separate deal, Siemens AG previously purchased the rail division of Invensys.
Deal History
Schneider Electric announced talks to acquire Invensys on July 7, 2013.
The distributed control system market was a key area of interest in the potential acquisition.
Invensys had just completed the acquisition of Indusoft, adding another company to its portfolio.
Siemens AG had previously purchased the rail division of Invensys in a separate deal.
Invensys has a diverse range of businesses across four main areas: software, industrial automation, energy controls, and appliance business.
Their business and brands include Foxboro, Wonderware, and Indusoft, among others.
In 2013, Invensys reported revenue of 1,792 million Euro, a 2% increase from the same year-ago period.
Earnings per share increased by 60% in 2013.
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Imserve Europe
IMServ Europe is a provider of energy management and data monitoring services.
They were previously part of Invensys Controls, which suggests a history of working with industrial systems.
IMServ Europe's background in Invensys Controls likely gave them a strong foundation in managing complex systems.
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Related Topics
Automation is a key related topic to Invensys, as the company has been acquired by Schneider Electric, a French industrial giant.
The UK is a specialist in industrial automation, providing software that helps run oil refineries, power stations, and chemical plants.
Schneider Electric is keen to expand its operations in this area to compete with global giants like Siemens AG, Mitsubishi Electric, and Rockwell Automation.
Invensys' rail division was sold to Siemens for £1.74bn in November of last year.
The acquisition of Invensys by Schneider Electric is seen as attractive to the company, which will gain a strong performing automation specialist.
Schneider Electric generated €3.5bn in revenues from its industrial business in 2012.
Industry analysts Verdantix note that Schneider Electric's major acquisitions in the industrial power management market segment have been BEI Technologies and China-based Leader & Harvest, among others.
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Services and Systems
Invensys offered a wide range of industrial automation products and services, including Distributed Control Systems (DCS) and Safety Instrumented Systems (SIS).
Invensys acquired TRICONEX in 1983 and FOXBORO in 1999, making them subsidiaries of Invensys. Under Invensys' leadership, TRICONEX and FOXBORO operated as independent business units.
TRICONEX's SIS ensured safety by acting as a separate layer in critical situations, while FOXBORO's DCS provided overall process control. Invensys may have offered integrated solutions combining both for comprehensive process control and safety.
Schneider Electric acquired Invensys in 2014 and continues to use the TRICONEX and FOXBORO brands for specific product lines related to safety systems and process control.
Schneider Electric gained a strong performing automation specialist with the acquisition of Invensys, which will considerably strengthen their overall offering to industrial and infrastructure customers.
The deal is seen as attractive to Schneider, which will gain a strong performing automation specialist and invaluable domain expertise in chemical, oil and gas, and pharmaceutical industries.
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Frequently Asked Questions
Is Invensys still in business?
Invensys is no longer a standalone company, having been acquired by Schneider Electric in 2014. Its technologies and expertise continue to serve global industries under Schneider Electric's Industrial Automation business.
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