Invensys to List Shares in the US.LONDON--(BUSINESS WIRE)--June 2, 1999-- Invensys Invensys plc is a British engineering company, headquartered in London, England. It was formed by the merger of Siebe and BTR in 1999. The company is multinational with operations in over 60 countries, employing over 35,000 employees. plc, the automation and controls company created from the merger of Siebe Siebe may refer to:
BTR Board of Technical Registration BTR Born to Run (Bruce Springsteen song) BTR Bureau of Tourism Research (Australia) BTR Back To Reality plc, today announced that it intends to list its shares on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Lord Marshall, Chairman of Invensys plc said: "Over 35% of our shares are now owned or managed in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Currently 48% of our revenue is from that region and 47% of our employees work there. In recognition of the importance of this marketplace, and to give Invensys increased financial flexibility and visibility, a listing on the New York Stock Exchange at the earliest practical date is a logical move." Invensys plc is a world class electronics and engineering company created by the merger of BTR plc and Siebe plc on February 4, 1999. Operating globally through over 500 companies and employing over 120,000 people, Invensys is a worldwide leader in automation and controls. More than 75% of the Group's business is controls and automation based, with products ranging from advanced computer systems for automating industrial plants and controlling the environments of buildings, to electronic devices found in many domestic and commercial appliances. |
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