Wednesday, 7 May 2014

Siemens to buy Rolls Royce energy assets for 950 mn euro

ENERGY NEWS
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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