Rumours of foreign bids for Invensys

first_img KCS-content whatsapp ENGINEERING firm Invensys could be the target of a foreign takeover, with Swiss, French, German and Chinese firms all understood to be considering bids.Potential suitors include Emerson Electric, Siemens, China Southern Rail (CSR) and ABB.Sources close to Invensys played down the rumours to City A.M., saying the firm has been linked with numerous bids over the last two years. No bids had been tabled as of last night.Analysts have long viewed Invensys as a candidate for break-up, a view that chief executive Ulf Henriksson appeared to endorse in November when he said CSR could acquire or take a stake in the business.Invensys, which makes industrial process automation systems, signalling and control systems for railways and various control products for domestic appliances and other applications, made an operating profit of £248m in the full financial year ended March 2010.Its operating profit in the last three months was unchanged from a year ago. whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Share Show Comments ▼ Sunday 20 February 2011 10:43 pm Rumours of foreign bids for Invensys Tags: NULLlast_img read more