Invensys to 'focus more' on process automation
30 Nov 2012
London – Invensys will invest more heavily in its industrial software, systems and control equipment activities following the sale of its rail business to Siemens, according to Michael Caliel, president & CEO of Invensys Operations Management (IOM).
Proceeds from the planned £1.74-billion sale will help fund investment in new technology and continuing to improve our development, delivery and execution, Caliel said in a written statement to Process Engineering.
“First and foremost, our standing priority is to continue to deliver best-in-class technology solutions and service to our customers. That means it’s business as usual for IOM,” commented Caliel. “However, the selling of Invensys Rail also means that Invensys is focusing more on industrial software, systems and control equipment.”
The company will also be able to consider further acquisitions that will strengthen our portfolio and market position, according to the IOM boss. An example of this strategy, he said, was the recent acquisition of Spiral Software, which extends IOM’s refinery optimisation.
“As with all large-scale divestitures, there is bound to be some uncertainty and speculation,” Caliel concluded. “My message to our executive team and to all our employees is that the success of our businesses always depends on our ability to deliver …
“The pending sale of Invensys Rail doesn’t change that path for IOM at all. In fact, I think it allows us to anticipate promising growth opportunities in the days ahead.”
