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Invensys to List Shares in the US

2 June 1999

Invensys to List Shares in the US

    LONDON--June 2, 1999--Invensys plc, the automation and controls company created from the merger of Siebe plc and BTR plc, today announced that it intends to list its shares on the New York Stock Exchange.
    Lord Marshall, Chairman of Invensys plc said: "Over 35% of our shares are now owned or managed in North America. 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.