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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'.

Coronavirus industry update

UPDATED 22 April: In response to the Coronavirus pandemic, manufacturers, wholesalers and distributors are issuing statements regarding their operations as the situation evolves. The most up to date information from each company is listed below and ...

  25-Mar-2020

Carrier offers new CPDs on chiller efficiency

? Carrier is offering three new Continuous Professional Development (CPD) courses focusing on chiller efficiency and compliance in relation to the latest European and UK regulations....

  04-Aug-2020

Fridge Freezer Direct Introduces J & E Hall's range of Cellar Cooling

Reliable and energy efficient, the JCC range of cellar coolers are designed to be used in wine and beer cellars above or below ground.
  27-Jul-2020
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