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Invensys Slams EPA Discharge Plans

Tighter EPA regulations covering discharges into the Neponset Reservoir in Foxborough, Mass., have drawn criticism from technology firm Invensys, one of the town’s major employers. New standards included in the EPA‘s draft pollution discharge permit call for tighter regulation of impurities carried at trace levels by stormwater runoff into the … Read more »

Schneider Electric

Schneider Electric Offers $5 Billion for Invensys

France’s Schneider Electric is in talks to buy Britain’s Invensys for $5 billion. Invensys shares rose on the news, but some investors hope for a counterbid, possibly from Emerson Electric, General Electric, or ABB, reports Bloomberg. Invensys operates in more than 180 countries and employs more than 16,500 people. The … Read more »

Schneider-Invensys Takeover Would Create Energy Giant

Schneider Electric made waves on Friday with news it is planning to offer £3.3 billion ($5 billion), or £5.05 a share, to take over Invensys. The target company says it’s likely to accept an offer at that value, Bloomberg reports. Schneider says the acquisition would increase its focus on the industry automation sector, … Read more »