Schneider Electric Offers $5 Billion for Invensys Takeover!
7/26/2013 4:09:41 PM
Schneider is in talks to purchase Invensys for $5 billion. The purchase would bring the buyer meters, controls and safety systems to help manage heating, temperature and remote monitoring applications. These products are used in a range of industries from oil refineries and power stations to mining companies and appliance manufacturers.
(Source from Bloomberg.com)