Completion of Acquisition
Posted 02 July 2007
Invensys PLC
02 July 2007
2 July 2007
Invensys plc
Invensys completes Cimnet acquisition on schedule and will integrate acquisition
into its Wonderware Business Unit
Further to the announcement on 3 May 2007, Invensys plc today announced that it
has now completed the $24 million acquisition of Cimnet, Inc. (OTC BB: CIMK), a
Manufacturing Execution System ("MES") software company based in Pennsylvania,
USA, and this acquisition is being fully integrated into its Wonderware software
business unit.
Cimnet's MES technology is being integrated with Invensys' open industry
standard based, ArchestrA technology, to ensure rapid deployment and ease of use
by the large Invensys and Wonderware installed base of over 100,000 plants
around the world. The merged MES technologies resulting from this acquisition
will become part of many of the Process Systems integrated offerings, including
InFusion, the world's first Enterprise Control System.
Ulf Henriksson, Chief Executive of Invensys plc, commented:
"I am pleased that we have been able to acquire Cimnet and I would like to
welcome its team to Invensys. The combination of Cimnet's leading-edge MES
technology and our ArchestrA software architecture will enable us satisfy our
customer needs for operations management solutions that integrate Supervisory
HMI, SCADA, MES and ERP applications."
Contact:
Invensys plc Steve Devany tel: +44 (0) 20 7821 3758
Kate Elliott tel: +44 (0) 20 7821 2121
Financial Dynamics Andrew Lorenz
Richard Mountain tel: +44 (0) 20 7269 7121
This information is provided by RNS
The company news service from the London Stock Exchange