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GE considers rival bid for Invensys

UK: American business giant General Electric is said to be considering a counter bid for British company Invensys.
According to reports in the Sunday Times, General Electric is preparing a £3.5bn bid to trump last week's offer from French company Schneider Electric.

A bidding war between GE and Schneider Electric could drive the price for Invensys to £3.6bn, say the newspaper's sources.

The Invensys product portfolio includes the well-known air conditioning and refrigeration controls brands Ranco, Eliwell and Eberle.

Invensys revealed the approach from Schneider Electric last week, the French company confirming that it was in the early stages of discussions but described the strategic and financial rationale as 'compelling'.

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021
ACR News

Plenitude and Modine to build PV plant

Plenitude, a renewable energy production business, and Modine have signed an agreement for the construction of a new solar power plant in Pocenia (Udine). With an installed capacity of 1.585 MWp, the plant is expected to generate approximately 1.8 ...

  27-Jun-2025

Sanhua’s REVOlution for supermarket refrigeration

SANHUA is proud to present its latest innovation in refrigeration technology – the REVO series of controllers. Designed to provide a wide range of applications, the REVO controllers offer high performance and efficiency, ensuring that your refrigerated cabinets maintain optimal conditions for fresh food preservation.
  02-Apr-2025
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