Schneider is offering 502 pence a share, or a 14% premium to Invensys' closing price of 440 pence on July 11, before the negotiations between the firms became public.
The deal provides Schneider with software and control systems used by chemicals makers, oil refineries, and mining companies.
Expects €400M in annual revenue synergies by 2018, which would increase earnings by €65M in that year. Schneider also forecasts €140M in annual cost savings by 2016, and €80M euros in annual tax savings over the first five years. (PR)
Schneider H1 net profit €831M vs €876M a year earlier and vs consensus of €837M. (PR)