Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Invensys Sells Semiconductor Unit; May Also Shed Home-Appliance Controls
Jan 20, 2004
 Printable format
 Email this Article
 Search

Engineering group Invensys is seeking to raise £500 million through new shares as it battles to rebuild its balance sheet.

The London, England-based firm is understood to have asked stockbroker Morgan Stanley to prepare for a rights issue to help it tackle debts of £816 million and a £700 million hole in its pension fund.

A cash injection would also give Invensys more time to complete a disposal program, including assets outside its core rail signals and factory controls operations.

Disposal of the group's Baan software and Teccor semiconductor businesses has already been completed along with a £385 million deal to sell a specialist metering equipment operation. Other assets thought to be up for sale include its windpower division, home-appliance controls, and climate-controls businesses. (Reuters)

Back to Daily News

 

Daily News

...........................................................

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows