The automation solution provider will purchase the business for $3.15 billion.
August 25, 2016
The transaction follows recent divestitures of Network Power, Leroy-Somer and Control Techniques for $5.2 billion as part of the company’s overall strategic portfolio repositioning.
The Invensys Foxboro Evo process automation system includes a high-speed controller, field device management tools, maintenance response center, enterprise historian, 1-n redundancy and cybersecurity hardening.
