According to rumours in the market, Siemens is interested in buying the Network Power from the US company Emerson Electric. Network Power designs, manufactures and installs power systems for telecommunication networks, data centres and other criticial applications. In 2015, Emerson Electric announced that Network Power is no longer strategic and a spin-off or sale of the business division is planned. According to management, the sale should be tax free for Emerson shareholders.
05 Apr 2016
On a shopping spree at the bargain table?
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On a shopping spree at the bargain table?
Siemens Aktiengesellschaft (SIE:WBO) | 0 0 0.4% | Mkt Cap: 93,908m
- Published:
05 Apr 2016 -
Author:
Heinz Steffen -
Pages:
2
According to rumours in the market, Siemens is interested in buying the Network Power from the US company Emerson Electric. Network Power designs, manufactures and installs power systems for telecommunication networks, data centres and other criticial applications. In 2015, Emerson Electric announced that Network Power is no longer strategic and a spin-off or sale of the business division is planned. According to management, the sale should be tax free for Emerson shareholders.