Deal signals share boost for Invensys

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The Independent Online

The blue-chip engineering and technology firm Invensys saw its shares jump 3 per cent to 285.8p after a deal allowing the Chinese train company CSR to manufacture and supply its control and signalling system Westrace in China.

Invensys Rail will also become the exclusive signalling supplier for the Chinese rolling stock maker on an agreed set of projects spanning the Middle East, India and South-east Asia.