International Edition


October, 24, 2016

Breaking News, World News and Taiwan News.
About Us
Contact Us

Germany's Siemens to buy UK rail technology firm for US$2.8 billion

BERLIN -- German industrial conglomerate Siemens is buying a railway business division from Britain's Invensys PLC for 1.74 billion pounds (US$2.8 billion).

Siemens AG said its supervisory board approved the purchase of the firm specializing in railway signaling software and technology on Wednesday.

Siemens said the firm, which has around 3,200 employees and revenues of 775 million pounds, will strengthen its own railway automation unit based in Berlin.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search