Invensys

Invensys Ltd.
Invensys Ltd. (Subsidiary)
Industry Industrial Automation, Transportation, Controls
Founded 1999 (London)
Headquarters London, United Kingdom
Key people
 Jean-Pascal Tricoire (Chairman and CEO)
Products Automation Software
Computer-based Automation Hardware Systems
Temperature Controllers
Control Systems
Revenue £1,792 million (2013)[1]
£43 million (2013)[1]
£128 million (2013)[1]
Number of employees
 16,500 (2011)[2]
Parent Schneider Electric SA
Website www.invensys.com

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.[3] It has offices in more than 50 countries and its products are sold in around 180 countries.[4] 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 registered 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.[3] 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.[5] During that time it bought[6] and sold The Baan Corporation.[7]

In March 2011, Wayne Edmunds, who had been chief financial officer since 2009, was appointed Chief Executive, replacing Ulf Henriksson.[8][9] According to The Financial Times, Henriksson, who had been Chief Executive since 2005, had had differences with chairman Nigel Rudd over running the company, in spite of the return to financial health under Henriksson.[9]

During 2011 and early 2012 the share price fell nearly 50%, in part due to delays costing £40 million in producing control and safety systems for eight Chinese nuclear reactors.[10]

In July 2013 it was announced that Invensys was to be taken over by the French multinational Schneider Electric for a total consideration of £3.4 billion.[11] The takeover was completed on 17 January 2014.[12]

Operations

Invensys is organised into four main segments: Software, Industrial Automation, Energy Controls and Appliance.

Avantis

Avantis Enterprise Asset Management provides maintenance repair and operations solutions including maintenance management, spares and inventory management, condition monitoring and procurement.[13]

Eurotherm

Supplier of control measurement and data recording to industrial and process consumers.[14]

Foxboro

Provides control systems addressing distributed and plant operations[15] as well as measurement and instrument systems.[16] Instruments include Pressure Transmitters,[17] Coriolis Flow Meters,[18] Valve Positioners,[19] Buoyancy Level Transmitters[20] and Temperature Transmitters.[21]

IMServ Europe

IMServ Europe is a provider of carbon & energy solutions and data monitoring.[22] IMServ was previously part of Invensys Controls.

SimSci

SimSci provides applications that help improve asset performance and utilisation with integrated simulation, optimisation, training, and process control software and services.[23]

Skelta

Skelta BPM is an enterprise wide Business Process Management and Advanced workflow solutions product.[24]

Triconex

Triconex provides safety and critical control systems used in a wide variety of critical applications including Emergency Shutdown, Burner Management, Fire and Gas and Turbomachinery Control and Protection.[25]

Wonderware

Wonderware provides a range of software products to address production operations, production performance, manufacturing intelligence, business process management and collaboration.[26]

See also

References

  1. 1 2 3 "Preliminary Results 2013" (PDF). Invensys plc. Retrieved 21 March 2014.
  2. ↑ "About us". Invensys. Retrieved 11 April 2012.
  3. 1 2 Harrison, Michael (24 November 1998). "Siebe and BTR unveil plans for pounds 9.4bn merger". London: The Independent.
  4. ↑ "Annual Report and Accounts 2010" (PDF). Invensys plc. Retrieved 26 September 2010.
  5. ↑ Mathiason, Nick (18 April 2004). "Good signals at Invensys". The Guardian. London.
  6. ↑ Wootliff, Benjamin (19 July 2000). "ING paving the way for Invensys to buy Baan". The Daily Telegraph. London.
  7. ↑ "Invensys sells Baan for US$135 million". Business Wire. 2003.
  8. ↑ "Appointment of Chief Executive". Press release. Invensys. 24 March 2011. Retrieved 29 March 2011.
  9. 1 2 Peter Marsh and Michael Kavanagh (24 March 2011). "Invensys replaces chief executive". The Financial Times. Retrieved 29 March 2011.
  10. ↑ "Invensys shares tumble on profits warning". Daily Telegraph. 13 January 2012. Retrieved 15 January 2012.
  11. ↑ BBC business news 31 July 2013
  12. ↑ Schneider Electric press release 17 January 2014
  13. ↑ "Avantis website". software.schneider-electric.com. Retrieved 9 May 2012.
  14. ↑ "Eurotherm: Temperature Control, Measurement and Data Recording Solutions". Eurotherm USA. Retrieved 29 March 2011.
  15. ↑ "Foxboro Distributed Control System". Invensys.com. Retrieved 29 March 2011.
  16. ↑ "Measurement and Instrumentation". Invensys.com. Retrieved 29 March 2011.
  17. ↑ "Pressure Transmitters". Invensys.com. Retrieved 29 March 2011.
  18. ↑ "Coriolis Flow Meters". Invensys.com. Retrieved 29 March 2011.
  19. ↑ "Valve Positioners". Invensys.com. Retrieved 29 March 2011.
  20. ↑ "Buoyancy Level Transmitters". Invensys.com. Retrieved 29 March 2011.
  21. ↑ "Temperature Transmitters". Invensys.com. Retrieved 29 March 2011.
  22. ↑ "IMServ Carbon Solutions".
  23. ↑ "SimSci website". software.schneider-electric.com. Retrieved 9 May 2012.
  24. ↑ "Invensys Skelta website". Skelta.com. Retrieved 29 March 2011.
  25. ↑ "Triconex page on the Invensys Operations Management Website". Invensys.com. Retrieved 29 March 2011.
  26. ↑ "Wonderware". software.schneider-electric.com. Retrieved 29 March 2011.

External links

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