DUBAI (7 December 2014)—Schneider Electric, a global leader in energy management, announced the complete integration of Invensys following its acquisition in January 2014. The merger allows the combined entity to provide expertise and knowledge in automation, software and energy management across the industrial and infrastructure target markets. Following the acquisition, Schneider Electric ensured Invensys completed its fiscal year without any distractions. The second phase of the integration was rolled out in April, setting objectives that create value for customers, offer broader opportunities to employees and minimize business disruption. In the final phase, a complete diagnosis was conducted to understand business rationale and build synergy between Invensys and Schneider Electric with a view to driving sustained value for years to come. Benoit Dubarle, country president, UAE, Oman and Pakistan, Schneider Electric, said, “The industrial landscape is shifting as trends such as globalization, the digital revolution, environmental awareness and its impact force producers to balance their priorities. To meet these ever-increasing demands, customers need a strategic partner. The combination of people, capabilities and technologies from both Schneider Electric and Invensys helps deliver enhanced efficiency, productivity, flexibility, safety and security to our customers. “Together, we are set to change the game for software as our combined portfolio provides a unified framework and a suite of function-rich applications that deliver tangible value and optimized business processes across specific vertical solutions. For our customers, we now link operating assets, people and processes to improve their competitive advantage.”
Sun, 12/07/2014 - 00:00