Invensys
British engineering corporation
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January 2014 | Invensys was acquired by the French multinational Schneider Electric for a total consideration of $5.5 billion, leading to the phasing out of the Invensys brand. |
January 17 2014 | Completed the takeover by Schneider Electric and was fully integrated seven months later. |
July 2013 | Announced takeover by Schneider Electric for a total consideration of £3.4 billion. |
May 2 2013 | Sold its Wiltshire-based rail division to Siemens for £1.7 billion, primarily to address the company's pension scheme deficit. |
2012 | Held discussions with Emerson Electric about a potential takeover, which did not materialize. Also denied speculation about China Southern Rail making a stake offer. |
2011 | Secured railway signalling deals valued at £700 million from organizations like Network Rail and Obrascón Huarte Lain. |
2011 | The company experienced a significant share price decline of nearly 50%, partly due to a £40 million expense related to delayed production of control and safety systems for eight Chinese nuclear reactors. |
March 2011 | Wayne Edmunds was appointed Chief Executive, replacing Ulf Henriksson. |
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