12 June 2008
INVENSYS WELCOMES INCLUSION IN THE FTSE 100 INDEX AND RECLASSIFICATION TO TECHNOLOGY SECTOR
Invensys plc welcomes its inclusion in the FTSE 100 Index and its reclassification by FTSE. The Company will be moved from within the "Electronic Equipment" subsector of the Industrial Goods & Services super-sector to the "Software" subsector of the "Technology" super-sector. These changes will become effective on 23 June 2008.
Invensys' business mix has been transformed in recent years and it is now a global technology and controls company serving most industries, with a particular focus on basic materials, energy and transportation.
Ulf Henriksson, Chief Executive of Invensys plc, commented:
"FTSE's decision to reclassify us reflects our transition to a technology and controls business. We sell efficiency, safety of operations and ease of use by combining industry-leading real time enterprise solutions, software and technological expertise with our in-depth industrial knowledge. For industrial customers, our capabilities, solutions and software platforms connect real time operational data with ERP systems. This makes it possible for customers to accelerate process improvement and decision making.
"We are well positioned to meet demands from global GDP growth, increasing urbanisation in developing countries and the relentless need to improve productivity, efficiency and sustainability. We achieve this through our continued investment in technology, our very large customer installed base and our global reach; we serve customers in 180 countries from operations in 60 countries. We also enable our Controls customers, particularly in the domestic appliance, heating and HVAC industries, to improve their products' energy efficiency, ease of use and attractiveness through the expertise of our engineers and our ability to supply highly engineered, bespoke components and assemblies."
Contact:
Invensys plc
Steve Devany
Tel: +44 (0) 20 7821 3758
Financial Dynamics
Andrew Lorenz / Richard Mountain
Tel: +44 (0) 20 7269 7121
This information is provided by RNSThe company news service from the London Stock ExchangeENDMSCGUUGCQUPRUMP