Invensys
From Wikipedia, the free encyclopedia
| Invensys Plc. | |
|---|---|
 |
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| Type | Public FTSE |
| Founded | 1999 |
| Headquarters | London |
| Key people | Ulf Henriksson, CEO |
| Industry | Automation, Process Solutions |
| Products | Automation Hardware Temperature Controllers Control Systems |
| Revenue | ▲£1.105 billion GBP (2005) |
| Employees | 35,000 |
| Website | www.invensys.com |
Invensys plc is a British engineering company, headquartered in London, England. It was formed by the merger of Siebe plc and BTR plc in 1999. The company is multinational with operations in over 60 countries, employing over 35,000 employees. Invensys is quoted on the London Stock Exchange as part of the FTSE 250 Index. As of March 2005, its market capitalisation is approximately £1.1 billion.
Invensys is made up of six core independent businesses in three categories
Process Automation
- Invensys Process Systems
- designs, manufactures, supplies, installs, commissions and tests software and computer-based hardware for the automation and regulation of plant operations, the management of certain administrative functions of manufacturing businesses and simulations of the operations of manufacturing processes. Major brand-names are Foxboro [1] , Wonderware, Triconex [2], SimSci-Esscor [3], and Avantis [4].
- Eurotherm
- provides control and measurement instrumentation solutions and services for the global industrial and process markets.
- Aluminium Plant & Vessel Company (APV) [5]
- provides process equipment, automation, project management and services to food, beverage, personal care, pharmaceutical, chemical and other industrial producers.
- In October 2007, Invensys sold APV to SPX Corporation [6]
Transportation
- Invensys Rail Systems
- designs, manufactures, supplies, installs, commissions and tests safety-related rail signaling and control systems for mainline, metro and freight railways.
Controls
- Invensys Controls
- provider of components, systems and services used in appliances, heating, air condition/cooling, refrigeration and safety products as well as building systems across a wide range of industries in residential and commercial markets. IMServ Europe is a member of Controls. Controls develops the Robertshaw thermostats and FireX smoke detectors.
- Wonderware
- leading supplier of industrial automation and information software solutions.
Invensys is currently undergoing a restructuring programme after the poor performance of its shares since creation in 1999. At the time of creation, Invensys was worth around £16 billion. Large debts and falling sales had led to the danger of the company going bankrupt. However, the disposal of non-core assets and a debt restructure has saved the company from collapse.
