The news story you are looking for has expired. A more recent related article is displayed below.

Sponsored Links

Siemens Energy acquires majority stake in Yangtze Delta Manufacturing

Aug 26, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Company: Siemens AG (SI)

Siemens Energy has acquired a majority stake in Yangtze Delta Manufacturing, a China-based metalworking company.

Siemens Energy is a Germany-based provider of products, services, and solutions for the generation, transmission, and distribution of power and for the extraction, conversion, and transport of oil and gas. 

Deal Type    Acquisition
Sub-Category Majority Acquisition
Deal Status  Completed: 2009-08-26

Deal Participants 

Target (Company)   Yangtze Delta Manufacturing
Acquirer (Company) Siemens Energy

Deal Rationale

With the acquisition, Siemens Energy would expand its global production network for high-voltage circuit-breakers in China and optimize its value creation chain from foundry work via machining to final product assembly.

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Company: Siemens AG (SI)


Related terms: acquisition, china, energy, germany, manufacturing, oil and gas, products

Related Articles

Siemens Energy Chosen as Technology Partner for Finnish CCS Project
Oct 16, 2009
...Online Store Free News Article Siemens Energy Chosen as Technology Partner for Finnish...Resources (Sugar Land, Texas)--Siemens Energy (Erlangen, Germany), a subsidiary...power plant at Meri-Pori in Finland. Siemens Energy was shortlisted by plant owners Fortum...

Siemens combines four businesses to form Siemens Industry
Nov 1, 2009
...and CEO of Siemens industry. Daryl D. Dulaney, president and CEO of Siemens industry. Effective Oct. 1, 2009, Siemens Energy & Automation Inc., Siemens Transportation Systems Inc., Siemens Building Technologies Inc. and Siemens VAI Services...

Yangtze delta warned to prepare for effects of climate change
14 hours 22 minutes ago
... Jobs Environment Water Yangtze delta warned to prepare for effects of climate...Tuesday 10 November 2009 16.57 GMT Yangtze delta and Shanghai: East China Sea ...trends continue, people living on the Yangtze delta would have to adapt or suffer from...

GM aborts Vauxhall/Opel sale
Nov 4, 2009
...November 2009 Following months of speculation and negotiations, General Motors has confirmed it won't be selling its majority stake in Vauxhall/Opel to Canadian parts supplier Magna. The vehicle manufacturer states that due to "an improving business...