Automation industry giant, Invensys, dealt for HMI and embedded device software provider, InduSoft.
Headquartered in Austin, Texas, and founded in 1997, InduSoft has over 250,000 HMI software licenses with more than 700 users worldwide, primarily industrial computer manufacturers and machine and system builders, who embed InduSoft’s software into their products.
“The acquisition of InduSoft represents the continuing execution of our strategy to strengthen our portfolio through inorganic means, enabling us to target additional segments across our portfolio,” said Ravi Gopinath, president of Invensys’ software business.
The acquisition strengthens and broadens Invensys’ software solutions portfolio, especially in the embedded HMI segment, Gopinath said.
“Combined with Invensys’ existing software offerings, our capabilities and expertise in the OEM and machine-building segments allow us to provide a broader, end-to-end HMI, SCADA and MES solution to our customers,” said Marcia Gadbois, president of InduSoft. “Together, our software tools will make it easier for them to integrate their information and automation systems.”
“With InduSoft we can now offer everything from basic embedded HMI devices to manufacturing operations, asset management and ERP integration,” said Norm Thorlakson, vice president, HMI and supervisory software and solutions, Invensys. “Wonderware users will now be able buy industrial devices, machines and computers with InduSoft software, while companies that are using InduSoft software will be able to expand their solutions with Wonderware supervisory, historian and manufacturing operations management software.”
InduSoft will continue with its existing executive team. Terms of the deal were not immediately available.
Meanwhile, Invensys’ $5.2 billion pending merger with Schneider Electric is still on for a closing either by the end of this year or early next year, said Invensys President and Chief Executive Mike Caliel at the Foxboro & Triconex Global Client Conference ‘13 in San Antonio, TX, earlier this month.
“Schneider made an offer and the Invensys board will recommend the takeover,” Caliel said. “Hopefully, the deal will close by the end of the year or early next year.”