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...Schneider’s software division includes assets that previously formed part of Invensys, the UK engineering group that Schneider Electric bought in 2013 for £3.4bn....
...The collapse of the Dunlop rubber empire, once one of Britain’s largest conglomerates, meant that the sportswear business was owned by engineering company BTR, later called Invensys, in the 1990s before...
...Siemens does have UK manufacturing operations after buying the UK rail division of Invensys, which makes signalling. Moreover, UK-based rail manufacturers know the good times are not assured....
...● Redington, the investment consultancy, has appointed Robin Claessens, a former chief executive of the Invensys Pension Scheme, as a managing director....
...businessman rose to prominence as chief executive of Blue Circle, the cement supplier that was sold to Lafarge for £3.1bn cash in 2001, and then as chief executive of debt-laden engineering conglomerate Invensys...
...Europe and within Europe, it’s helping CEO confidence for doing deals. “ The summer has provided several examples: French electrical systems maker Schneider Electric made a £3.4bn offer to buy UK-based Invensys...
...In machines of another kind, Schneider Electric made a £3.3bn approach for UK engineering group Invensys while US robotics company Intuitive Surgical saw its second-quarter sales growth slow....
...Some 14 years later, the Schneider bid values Invensys at £3.4bn. Picking individual takeover targets is notoriously difficult, too....
...It may be only a matter of time before Invensys is acquired once the sale to Siemens is completed.” A top 10 investor in Invensys agrees: “Invensys is a minnow in the land of the giants....
...In 2009, when Invensys last moved into net cash, it set a policy to pay 20 per cent of earnings in dividends, Nomura said....
...UK engineering turnround specialist Melrose revealed it was in talks to buy German meter-maker Elster while Invensys saw its share price rise and fall after disclosing a takeover approach by Emerson Electric...
...Related link: Invensys wipes £60m off profits – FT...
...Invensys slumped 19.3 per cent to 183¼p after warning that delays and cost overruns would cut full-year earnings by a quarter....
...A handful of other significant deals are expected to be announced in the fourth quarter, potentially including Invensys, the engineering firm that has been talking to insurers about a buy-out deal for some...
...Invensys gained 5.4 per cent to 227p, helped by vague talk of a possible break-up of the engineer. Merrill Lynch added Invensys to its “buy” list, largely on valuation grounds....
...Related link: Invensys replaces chief executive – FT...
...Invensys increased revenues from £700m to £772m in its international rail business in the year to March 31....
...Invensys gained 1 per cent to 200¾p even after Sudipta Bhattacharya, head of its IOM automation division since 2009, said he was leaving the company....
...Invensys was up 6.7 per cent to 230p after UBS put a short-term “buy” rating on the engineer in advance of results next week....
...Next, Invensys....
...Invensys gained 7.1 per cent to 277½p, helped by more speculation that it was near to completing a long-awaited deal to reduce its UK pension fund....
...Invensys rose 4.3 per cent to 231¼p at a news agency report that Siemens was “circling” the engineer....
...Invensys was under pressure on Tuesday after it unexpectedly missed out on a key rail contract....
...Renewed break-up speculation helped Invensys stand out in a flat London market on the day that the engineer was relegated from the FTSE 100....
...The news guaranteed that Invensys would make way for Glencore when the commodities trader joins the FTSE 100 on Friday....
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