ValueAct Capital Discloses Invensys Position ~ market folly

Wednesday, April 17, 2013

ValueAct Capital Discloses Invensys Position

Highly respected activist, Jeffrey Ubben’s ValueAct Capital, has disclosed a new position in London listed Invensys (LON: ISTS).  Due to trading on April 9th, ValueAct hold 7% of Invensys’s voting rights. 

Other notable investors in this company include Marathon Asset Management, who have a position in Invensys of 4.94% which they disclosed back in March 2012. 

Per Google Finance – “Invensys plc is a global technology company. The Company operates in  three divisions: Invensys Operations Management, Invensys Rail and Invensys Controls. Invensys  Operations Management, which is a technology, software and consulting business that creates and  applies technologies to enable the operation of industrial and commercial operations, such as oil  refineries, fossil fuel and nuclear power plants, petrochemical works and other manufacturing sites.  Invensys Rail, which provides software-based signalling, communication and control systems that  enable the operation of trains in mainline and mass transit networks worldwide. Invensys Controls,  which designs, engineers and manufactures products, components, systems and services used in  appliances, heating, air conditioning/cooling and refrigeration products across a range of industries  in residential and commercial markets. In November 2012, the Company had sold its rail business to  Siemens AG.”

For more from this hedge fund, late last year we posted up Jeff Ubben's presentation on Moody's and CBRE Group.

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