London, U.K.—Invensys plc announced Feb. 19 that it will try to speed up its recovery by reorganizing two core divisions, maintaining its development division, and by selling many of its other businesses.

The two core divisions will be Production Management and Energy Management, with combined sales of £4 billion. The Development Division has sales of £0.7 billion. This reorganization is expected to help Invensys sell its Industrial Components and Systems businesses, which have sales of £2.3 billion, to reduce its overall debt.

The new Production Management Division will include Foxboro, Wonderware, Triconex, APV, Eurotherm and Baan. Together, these businesses have total sales of £1.6 billion. They will provide production technologies and services to customers in the oil, gas and chemicals; power generation; food, beverage and personal healthcare; and discrete and hybrid manufacturing sectors.

The new Energy Management Division will combine Invensys' Energy Solutions, Metering Systems, Appliance and Climate Controls and Power Systems businesses. They have total sales of £2.4 billion. This division will serve markets related to power and energy infrastructures, as well as industrial, commercial and residential buildings.

The Development Division's businesses will continue to include Rail Systems, Wind Power (Hansen) and Power Components. Invensys reports that, "Each of these faces significant milestones in the near future, which will clarify their ability to add value to the core group over time."