Invensys snags U.S. network provider
The U.K. automation equipment maker aims to strengthen its position as a growing player in the telecommunications market by adding Cactus Integration Group to its lineup.
The automation equipment maker today said it has bought U.S. company Cactus Integration Group for $30 million.
The acquisition will help Invensys better serve telecommunications clients such as Internet service providers and broadband network operators as well as continue to build its presence in the United States, Invensys said.
The move follows Invensys' recent acquisition of struggling business management software maker Baan, which has a large customer base in the United States. As part of the $708 million proposed deal with Baan, Invensys intends to form a software unit called Invensys Software and Systems (ISS) that will include Baan's full suite of business management applications.
Cactus Integration Group, headquartered in Hatboro, Pa., designs, engineers and installs voice and data networks for telecommunication providers. The company's assets will be combined with Invensys' Energy Systems business, which provides computer and network infrastructure products and services for the telecommunications industry.
Cactus chief operating officer Dan Driscoll will take over management of the business from chief executive officer John Conley, who is leaving to dedicate his time to other business ventures. The agreement is expected to close soon pending regulatory approvals.