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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

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