LONDON: France’s Schneider Electric is to buy industrial software firm Invensys for a 3.4 billion pound ($5.2 billion).
Schneider, which has 1,40,000 employees, has signaled plans to offload non-core divisions within Invensys, which develops technology for oil refineries and other sectors. Invensys has 1,100 employees in Britain and the United States.
The deal must still be approved by shareholders.
Invensys chair Nigel Rudd says there was a “strong strategic fit” between the two companies. Jean-Pascal Tricoire, chairman and chief executive of Schneider said the combined business will provide new and larger growth opportunities for employees and customers.
Six reasons to join Schneider Electric: Fulfill your true potential and help the planet Chart your future and protect that of our planet. Weâ€™ll provide you with the means to succeed and untold opportunities to make a difference.
1 – Nurturing work environment
We promise you a varied career path that includes changing function and business unit.
75% of our employees express pride in working at Schneider Electric (2008 employee satisfaction survey)â€
Schneider Electric China named “2008 Top 50 Employer” (Staffer magazine and Mercer Consulting Group, November 2008)
2 – Working abroad
Our internal mobility programme will give you the opportunity to work in one of our 102 worldwide locations.
980 employees of 52 nationalities lived and worked abroad in 2008
676 fresh graduates of 67 different nationalities have been assigned abroad through our international recruitment programme since 2001
3 – Leadership position
We are in a unique position to lead our world towards a place where people do more while using fewer of our planetâ€™s resources.
No. 1 in energy efficiency
No. 1 in power and control safety
No. 1 in critical power and cooling reliability
4 – Promising future
We aim to play an enduring role on a market with strong potential. With us, your career has a future.
Our workforce, revenue (â‚¬22.4 billion in sales in 2011) and accessible markets have doubled since 2004
International Energy Agency forecasts $11.6 trillion investment in energy infrastructure from now until 2030
5 – Innovation
To tackle climate change, our world needs new thinking and fresh ideas. We are the right workplace for candidates who would like to pioneer new solutions and express their creativity.
4%-5% of revenue invested annually in R&D activities
7,300 R&D employees in 25 countries in 45 R&D centres worldwide
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We engage in environmental monitoring and give back to local communities. Join us to help make a difference.
Over 90% of our manufacturing and logistics sites are certified ISO 14001 in environmental management
100% of our production sites have reduced their energy consumption per employee by 10%