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Greenberg Traurig Maher Assists Invensys plc In 625 Million Pounds Sterling Agreement With Trustee of Invensys Pension Scheme To

 Greenberg Traurig Maher Assists Invensys plc In 625 Million Pounds Sterling
  Agreement With Trustee of Invensys Pension Scheme To Enable 1,742 Million
Pounds Sterling Sale Of Invensys' Rail Division To Siemens AG And 625 Million
           Pounds Sterling Return Of Cash To Invensys' Shareholders

  PR Newswire

  LONDON, Nov. 30, 2012

LONDON, Nov. 30, 2012 /PRNewswire/ -- The international law firm Greenberg
Traurig Maher LLP (GTM) represented Invensys, the global technology company,
in discussions with the Trustee of Invensys UK Pension Scheme to provide
Invensys with a long-term pension solution and increased financial
flexibility.

The pensions deal, which is a condition to completion of the agreed sale,
comprises an up-front payment of £400 million and a further payment of £225
million into a bespoke trust arrangement. The deal will enable Invensys'
proposed disposal of its Rail Division to Siemens AG for £1,742 million and a
proposed £625 million return of cash to Invensys shareholders.

The GTM team was led by Wynne Turner, who worked closely with Invensys Chief
Executive Wayne Edmunds, Chief Financial Officer David Thomas and Executive
Director and General Counsel Victoria Hull. The team also worked with
Invensys' financial advisers Ondra Partners, JP Morgan Casenove and lead
counsel on the transaction Freshfields Bruckhaus Deringer LLP.

GTM Chairman Paul Maher said, "This transaction demonstrates GTM's capacity
for innovative thinking in a technically challenging transaction as well as
our ability to team successfully with other advisers to achieve our clients'
strategic goals. We are very excited to have been part of this important and
potentially game-changing transaction for Invensys. Wynne Turner's
collaborative approach combined with his broad experience as both a senior
in-house lawyer and trustee director of a major pension fund enabled us to
make a telling contribution to this transaction."

Invensys Chief Executive Wayne Edmunds said, "The agreements with the Trustee
of Invensys UK Pension Scheme provide the Company with a long-term pension
solution and financial flexibility and we have been delighted with GTM's role
in helping us achieve this."

Invensys is a global technology company that works with a broad range of
industrial and commercial customers, rail operators and appliances
manufacturers to design and supply advanced technologies that optimise their
operational performance and profitability.

About Greenberg Traurig Maher LLP

Greenberg Traurig Maher LLP, established in 2009 in the UK by the
international law firm Greenberg Traurig, LLP, is routinely chosen to handle
critical M&A matters in a diverse range of international and domestic
companies and financial institutions.

Greenberg Traurig Maher's rapidly expanding team provides shareholder-led
advice to domestic and international clients on a range of matters across the
legal spectrum. Lawyers at Greenberg Traurig Maher advise UK and multinational
clients operating in many different sectors, including chemicals,
pharmaceuticals, life sciences, energy, technology, real estate, financial
services, information services, automotive, entertainment, retail and
communications. For additional information, please visit www.gtmlaw.com .

Website: http://www.gtlaw.com
Contact: Media Enquiries, Lourdes Brezo-Martinez, +1-212-801-2131,
martinezl@gtlaw.com
 
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