New York, April 28, 2004 – Weil, Gotshal & Manges LLP, one of the world’s leading law firms, advised Invensys plc in its agreement to sell its Powerware business to Eaton Corporation for a gross cash consideration of US $560 million. The transaction is expected to be completed by the end of June.
Powerware is a leading global provider of comprehensive power quality and power management solutions. Invensys is a global automation, controls and process solutions group.
Weil Gotshal has represented Invensys plc in the five major dispositions the company has made since 2002.
Weil, Gotshal & Manges LLP is an international law firm of more than 1,100 attorneys, including approximately 300 partners. Weil Gotshal is headquartered in New York, with offices in Austin, Boston, Brussels, Budapest, Dallas, Frankfurt, Houston, London, Miami, Munich, Paris, Prague, Silicon Valley, Singapore, Warsaw and Washington, D.C.
Weil, Gotshal & Manges LLP’s Team
Partners: Richard S. Millard (Corporate – Silicon Valley); Annemargaret Connolly (Litigation/Regulatory – Washington, DC); Kenneth H. Heitner and Mary Jean M. Potenzone (Tax – New York); Stephen D. Kahn and Debra J. Pearlstein (Litigation/Regulatory – New York)
Of Counsel: John M. Sipple (Litigation/Regulatory – Washington, DC)
Associates: Antonios C. Backos (Corporate – London); Kyle C. Krpata, Shaina Varia, Evelyn Hsu and Judah Schiller (Corporate – Silicon Valley) ; Anna M. Grant and Jose S. Singer-Freeman (Tax – New York); Claire A. Watkins (Litigation/Regulatory – Washington, DC); Dale G. Nissenbaum (Litigation/Regulatory – New York); Barbara W. Shih (Litigation/Regulatory – Silicon Valley)