|
Invensys has acquired Quantum Engineering, the US rail signalling and controls supplier, for £21m. 18-Sep-2008 Invensys is to sell APV, the West Sussex-based manufacturer of processing equipment, to SPX of the US for £250m. 01-Nov-2007 Invensys has sold its building management systems operations in the US and Asia to Schneider Electric of France for £157m. 25-May-2006 Invensys is to close its electronics factory in Bodmin with the loss of about 90 jobs, in order to transfer production to its site in Plymouth. 19-Aug-2005 Invensys has sold its Lambda power supply business to TDK of Japan for £134m. 20-Jul-2005 Invensys has sold most of its Advanced Building Systems business to Schneider Electric of France for £81m. 09-Jun-2005 Invensys is to sell APV Baker Goldsboro, its US bakery equipment division, to Turkington Industries for £5.4m. 10-Aug-2004 Scipher has sold its carbon monoxide sensors business to Invensys for £1.2m. 02-Aug-2004 Invensys is to sell its Hansen Transmissions gearbox manufacturing subsidiary to Allianz Capital Partners of Germany for £75m. 20-May-2004 Invensys is to sell its Powerware power supply systems business to Eaton Corporation of the US for £313m. 28-Apr-2004 Invensys has announced a £450m share placing and £2.2bn of new credit to fund the restructuring of its engineering business. 06-Feb-2004 Invensys is to sell its utility metering business, which includes 13 manufacturing facilities in the US and elsewhere, to IMS Meters Holdings for £388m. 23-Oct-2003 Invensys, the automation and controls group, is considering plans to relocate its headquarters from London to Boston in the US. 29-Sep-2003 Invensys has sold Teccor Electronics, its US semiconductor subsidiary, to Littelfuse for £27m. 09-Jul-2003 Invensys is to sell Baan, its Dutch software business, to Cerberus Capital Management and General Atlantic Partners for £84m. 03-Jun-2003 Invensys is looking to raise at least £1.8bn from a programme of disposals, in order to reduce debt and focus on its production management and rail systems operations. 16-Apr-2003 Invensys has won a £850m contract from Bombardier to upgrade signalling equipment on a number of London Underground lines, and the work will be carried out by its Westinghouse Rail Systems division. 08-Apr-2003 Invensys is considering plans to make further disposals, following the recent fall in the engineering group's share price. 26-Feb-2003 Invensys has sold Fasco Motors to Tecumseh Products of the US for £266m, as part of a strategy to focus on product management and energy management. 29-Nov-2002 Invensys has sold Drive Systems, the Littlehampton-based manufacturer of AC inverters and DC drives, to a management buy-out for £94m. 08-Oct-2002 Invensys has sold Rexnord, its US power transmission components division, to private equity firm Carlyle Group for £575m. 30-Sep-2002 Invensys is to close Tungstone Batteries, its Market Harborough-based car battery factory, next year with the loss of 180 jobs. 22-Aug-2002 Invensys has sold its industrial sensors division to Honeywell for £267m, as part of an ongoing strategy to reduce debt. 20-Aug-2002 Invensys has sold its CompAir compressed air and gas business to Alchemy Partners for a nominal sum. 15-May-2002 Invensys is looking to sell its Rexnord power transmissions business in the US for about £500m, as part of a £1.5bn disposals programme. 10-May-2002 Invensys is to sell its flow control business to Flowserve of the US for £376m, in order to focus on factory automation and energy management. 22-Mar-2002 Invensys is to divide its business into two main divisions - production management and energy management - and most of its industrial components activities will be sold off. 20-Feb-2002 Invensys has sold the Integral Horsepower Motor division of Brook Crompton to Lindeteves-Jacoberg of Singapore for £17m. 10-Jan-2002 Invensys is selling its power storage business, which includes 5,000 employees in nine countries, to EnerSys of the US for £348m. 08-Jan-2002 Invensys is looking to raise up to £750m from the sale of a number of unidentified businesses, in a restructuring programme aimed at reducing its £3.2bn debt. 01-Oct-2001 Invensys has sold its Hoffman vacuum systems business in the US to Gardner Denver for £31m. 05-Sep-2001 Invensys, the supplier of industrial control equipment, has announced plans to shed a further 2,800 jobs this year, on top of the 3,200 that were lost in the first three months. 25-Jul-2001 Invensys has announced a further 3,500 job cuts in its automation and controls business, and is looking to sell its Brook Crompton motors factory in Huddersfield. 01-Jun-2001 Invensys is to shed 180 of the 700 jobs at its Brook Crompton electric motors factory in Huddersfield, in order to transfer some production to Poland. 30-Apr-2001 Invensys is planning to shed a further 2,000 jobs in its automation and controls business, and is now expected to delay the flotation of its power systems division due to difficult conditions in the financial markets. 23-Mar-2001 Invensys has sold Oldham Gas, the French manufacturer of instruments to monitor gas emissions, to a management buy-out for £18m. 16-Jan-2001 Invensys is to shed 27 jobs at its APV food equipment operations across the country, including the closure of a service centre in Derby. 07-Dec-2000 Invensys has acquired Meterpoint Data Services, the provider of meter reading services, from Seeboard for £37m. 21-Nov-2000 Invensys is planning to shed about 90 of the 750 workers at its Brook Crompton electric motors factory in Huddersfield, in order to reduce costs and retain market share. 31-Oct-2000 Invensys is considering plans to sell its Power Systems division for about £3bn, prompting speculation that the company is preparing to fend off a possible hostile takeover bid. 26-Oct-2000 Invensys is to sell its pneumatics business to Parker Hannifin of the US for £27m. 19-Sep-2000 Invensys is to shed 34 of the 360 jobs at its Hawker Energy Storage industrial battery factory in Tameside, in order to relocate the manufacture of monobloc batteries to eastern Europe. 11-Sep-2000 Interlube Systems of Plymouth has undergone a management buy-out from Invensys, and plans to create up to 30 skilled engineering jobs. 28-Aug-2000 Invensys has announced a £468m takeover offer for Baan, and plans to improve the profitability of the Dutch software company by cutting about 1,000 jobs. 01-Jun-2000 Invensys has sold Westinghouse Brakes, the rail industry supplier, to Germany's Knorr-Bremse for £65m. 27-Apr-2000 Invensys is to step up its cost-cutting campaign by shedding a further 2,000 jobs worldwide. 01-Feb-2000 Invensys has sold its automotive sealing systems business to CVC Capital Partners for £245m, and expects to complete its £1.8bn disposal programme by March. 31-Jan-2000 Invensys has agreed to sell its automotive anti-vibration system business to Trelleborg of Sweden for £160m. 28-Dec-1999 Invensys has sold its aerospace division to Smiths Industries for £109m, and its Australian automotive casting business to Mezzanine Investments for £20m. 17-Dec-1999 Invensys has sold its DCE dust control business to Donaldson Company of the US for £33m. 14-Dec-1999 Invensys has sold its US automotive fluid handling division to Cooper Tire & Rubber for £150m, as part of a strategy to focus on automation and controls. 24-Nov-1999 Invensys has acquired Best Power, the US manufacturer of uninterruptible power supplies, for £145m. 19-Nov-1999 Invensys has sold its Australian-based business that produces engineered polymers for the car industry to Austrim Nylex for £42m. 18-Nov-1999 Invensys is planning to close the Bull Electric factory in Ipswich with the loss of up to 100 jobs, and production of electric motors will be transferred to Birmingham. 26-Oct-1999 Invensys is selling its paper technology division to Apax for £491m, as part of a strategy to focus on automation and controls. 14-Oct-1999 Invensys is in negotiations to sell parts of its automotive division to Trelleborg of Sweden. 11-Sep-1999 Invensys is to cut 78 jobs at its Climate Controls factories in Plymouth and Bodmin, in order to transfer work to the Czech Republic. 25-Aug-1999 Invensys is acquiring UK Data Collection Services for £38m and Com-Trol of the US for £14m, as part of a strategy to expand into software and services. 10-Aug-1999 Invensys has sold Rieth, its German cable support systems business, to Van Geel of the Netherlands for £7.5m, in order to focus on automation and controls. 22-Jul-1999 Invensys has shortlisted four private equity companies interested in acquiring its paper technology business for about £600m, and they are Doughty Hanson, CVC Capital Partners, Apax Partners and Bain Capital Partners. 01-Jul-1999 Invensys is to cut 5,000 jobs from its automation and controls operations over the next two years, and is looking to sell a number of non-core divisions including automotive and paper technology, environmental, and some smaller businesses. 03-Jun-1999 Invensys is to acquire Marcam, the US supplier of enterprise resource planning software, for £38m. 28-May-1999 Invensys has sold its 52% stake in Nylex Malaysia to Ancom for £29m, as part of a strategy to focus on automation and controls. 28-Apr-1999 Invensys has acquired a 49% stake in PolyStor, the US developer of lithium-ion batteries for mobile phones, at a cost of £19m. 26-Apr-1999 BTR Siebe, the recently-merged engineering group, is to change its name to Invensys in order to reflect its emphasis on innovation and invention. 24-Mar-1999
|