Schneider sells Invensys

Schneider Electric has sold its Invensys Appliance division, which will be renamed Robertshaw Controls Company, to an affiliate of Sun European Partners, LLP.

The disposal follows a strategic review of the firm’s appliance division that concluded the unit is not a core business to Schneider Electric.

The appliance division is one of the world’s largest suppliers of components and systems that control the operation of appliances, including cooking, refrigeration, laundry and dishwashing, in both residential and commercial sectors.