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New bid for Invensys?

UK: Controls group Invensys is reportedly the target of a possible bid from a Chinese train manufacturer.
Following the collapse of an approach from Emerson Electric last month, The Sunday Times has reported that the China South Locomotive & Rolling Stock Corp is in the early stages of planning a possible £2bn takeover bid for the group.

The Invensys group which includes air conditioning and refrigeration companies Eliwell, Ranco and Eberle.

On June 21, Invensys confirmed that it had been in preliminary discussions with third parties but that these discussions were no longer ongoing. 'Furthermore,' it said, 'there are no other discussions taking place in relation to an offer for the Group.'

Invensys has denied any approach from the Chinese company.

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

High temperature CO2 heat pump increases hot water efficiency

Mitsubishi Electric has announced the launch of a new commercial heating system running on CO2 (R744) to deliver hot water up to 90°C and help businesses increase the efficiency of hot water production whilst significantly reducing their carbon ...

  21-Sep-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.
  21-Sep-2020
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