Invensys retools two divisions; plans to sell other businesses

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.

03/01/2002


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

The new Production Management Division will include Foxboro, Wonderware, Triconex, APV, Eurotherm and Baan. Together, these businesses have total sales of

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

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."





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