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Invensys to acquire Sola parent

Invensys to acquire Sola parent

The local UPS market looks set for a flurry of highly charged marketing activity following the decision by Invensys Power Systems to acquire Best Power and create what is estimated will be a $2.5 billion division called Invensys Secure Power. But it is unclear whether or not the respective Australian subsidiaries can expect to be rationalised.

Hugh Evans, managing director of Melbourne-based Sola Australia, a subsidiary of Best Power, said that he does not expect any changes to the local operation at this stage. "All our products will remain the same, our sales people and importantly, our support," he said. Evans added that it was too early to tell how the new parent company will want to structure its Australian operations, adding: "Our aim is to support our customers."

But according to Invensys' existing Australian subsidiary Invensys Energy Systems, the local companies will be merged, with a plan expected to be in place by the end of the year.

Michael Mallia, sales and marketing manager for Invensys Energy Systems, said that subject to the US regulatory approvals of the acquisition, the Australian subsidiaries will be merged, and, he claimed: "This will put us in front of (UPS competitor) APC in Australia."

The acquisition of Best Power was reported to have cost the London-headquartered Invensys PLC 145 million pounds. The company was formed in February this year by the merger of BTR and Siebe.

Best power is described as a manufacturer of UPS, power conditioners and transformers in the mid to low power markets.http://www.solaaust.com.auhttp://www.invensys.comhttp://www.bestpower.com


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