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By Bill Bregar
SENIOR STAFF REPORTER
Published: January 24, 2014 1:45 pm ET
Updated: January 24, 2014 1:48 pm ET
Schneider Electric SA, the big French maker of energy management and electrical distribution systems, has purchased Invensys plc, the London-based conglomerate with holdings in process automation technologies — including Eurotherm Inc., a supplier of controls for plastics machinery.
Schneider Electric, of Rueil-Malmaison, announced Jan. 17 that it has completed the deal. The combined operation creates a giant business that serves industrial and energy infrastructure end markets, company officials said.
Schneider Electric is paying $5.2 billion for Invensys.
In the plastics industry, Invensys Eurotherm USA, of Ashburn, Va., supplies a number of machinery controllers, including the Maco Compact. | |
