Invensys is to sell its Lambda power supply business to TDK of Japan for £134 million. The proceeds from the sale will be use to reducing the liabilities of the Invensys Group.
The Lambda division consists of Lambda
The deal is subject to customary regulatory approvals and is expected to be completed on or before
"This disposal is a further step in the Group’s previously stated plans for the divestiture of non-core businesses," said Ulf Henriksson, Chief Executive Designate of Invensys.
Last month, Invensys signed an agreement to sell the majority of its Advanced Building Systems operations in
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