Editing Invensys (section)

{{Short description|British engineering corporation (1999–2014)}}
{{EngvarB|date=July 2015}}
{{Infobox company
| name = Invensys Limited
| logo = Invensys logo.png
| logo_size = 250px
| type = [[Subsidiary]]
| fate = Acquired by [[Schneider Electric]]
| industry = [[Industrial Automation]], Transportation, [[Control engineering|Controls]]
| predecessor = {{Unbulleted list | [[BTR plc|BTR]] | [[Siebe plc|Siebe]] }}
| foundation = {{start date and age|1999}}
| defunct = {{end date|2014}}
| location = [[London]], England
| key_people = Jean-Pascal Tricoire ([[chairman]] and [[Chief executive officer|CEO]])
| revenue = [[Pound sterling|£]]1,792&nbsp;million (2013)<ref name="prelims">{{Cite web |title=Preliminary Results 2013 |url=http://www.invensys.com/isys/docs/Results/FY12_13/Invensys_FY_Results_2012_13%20Press_Release.pdf |access-date=21 March 2014 |publisher=Invensys plc}}</ref>
| operating_income = [[Pound sterling|£]]43&nbsp;million (2013)<ref name=prelims/>
| net_income = [[Pound sterling|£]]128&nbsp;million (2013)<ref name=prelims/>
| parent = 
| num_employees = 16,500 (2011)<ref>{{Cite web |title=About us |url=http://www.invensys.com/en/aboutus/companyprofile/invensysnumbers.aspx |access-date=11 April 2012 |publisher=Invensys}}</ref>
| products = 
| homepage = 
}}

'''Invensys Limited''' was a [[Multinational corporation|multinational]] engineering and information technology company headquartered in London, United Kingdom. At its height, the company had offices in more than 50 countries and its products were sold in around 180 countries.<ref name="AR">{{Cite web |title = Annual Report and Accounts 2010 |url = http://www.invensys.com/isys/docs/ar/2010/Invensys_AR_2010.pdf |access-date = 26 September 2010 |publisher = Invensys plc}}</ref>

Invensys was formed in 1999 through the merger of [[BTR plc]] and [[Siebe plc]].<ref name="indep241198">{{Cite news |last = Harrison |first = Michael |date = 24 November 1998 |title = Siebe and BTR unveil plans for pounds 9.4bn merger |work = The Independent |location = London |url = https://www.independent.co.uk/news/business/siebe-and-btr-unveil-plans-for-pounds-94bn-merger-1187036.html}}</ref> It was originally founded on 1 April 1920 as ''Siebe Gorman & Company Ltd'' and continued through various name changes registered at [[Companies House]] from that date. Invensys lines of business were grouped into four segments: Software, Industrial Automation, Energy Controls and Appliance. Its brands included Avantis, [[Eurotherm]], Foxboro, IMServ, InFusion, [[Triconex]], SimSci, Skelta, [[Wonderware]], Drayton, Eberle, and Eliwell.

Less than three years after its establishment, Invensys was in financial hardship, in part due to having overpaid for acquisitions such as the [[Baan Corporation]] at the height of the [[dotcom bubble]] and having accumulated a heavy debt burden. Through several divestments and a major restructuring, the company's fiscal situation had improved by 2005, allowing the pace of acquisitions to pick up. Considerable business was being obtained by its various products in the railway sector, which it opted to align under the [[Invensys Rail Group|Invensys Rail]] brand. Invensys Rail was ultimately sold to the German engineering conglomerate [[Siemens]] in exchange for £1.7&nbsp;billion in May 2013.

Between 2011 and early 2012, the company's share price fell by nearly 50%, which was attributed to a £40&nbsp;million expense from the delayed production of control and safety systems for eight [[Nuclear power in the People's Republic of China|Chinese nuclear reactors]]. In response, Invensys began openingly seeking to be acquired by a larger company, approaching the American industrial automation company [[Emerson Electric]] without any bid being made. During January 2014, Invensys was taken over by the French multinational [[Schneider Electric]] for a total consideration of $5.5&nbsp;billion. Schneider opted to fully integrate the company and phased out the "Invensys" brand in favour of its own.