Siemens to buy Rolls Royce energy assets for 950 mn euro
Berlin (AFP) May 06, 2014 - German engineering giant Siemens on Tuesday announced it would buy the energy production arm of Britain's Rolls Royce for 950 million euros ($1.3 billion) to strengthen its standing in the oil and gas industry. "Siemens is acquiring the Rolls-Royce Energy aero-derivative gas turbine and compressor business and thereby strengthening its position in the growing oil and gas industry as well as ... more
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