Invensys Rail to be sold to Siemens
04 December 2012
Michael J. Caliel, president & chief executive officer of Invensys Operations Management (IOM), has shared his views regarding the recent announcement by Invensys of its plans to sell Invensys Rail to Siemens, subject to shareholder and regulatory approvals, and what this will means for the Invensys Operations Management division.
He said: “First and foremost, our standing priority is to continue to deliver best-in-class technology solutions and service to our customers. That means it is business as usual for IOM.
With the sale of Invensys Rail Invensys, Caliel says that Invensys intends to focus more on industrial software, systems and control equipment. “Not only does it present exciting new opportunities and expectations, I believe it will enable us, even more, to define and deliver the future of automation. Some proceeds from the sale of Rail will be available to further our organic growth by investing in new technology and continuing to improve our development, delivery and execution. We will also be able to consider further acquisitions that will strengthen our portfolio and market position. A good example of this was the recent acquisition of Spiral Software, which further extends our refinery optimisation solutions in support of our global installed base, giving us the most comprehensive portfolio in the refining and petrochemical industries.”
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