Siemens announced that its Osram lighting unit is acquiring Siteco Lighting GmbH, Traunreut, Germany, from Barclays Private Equity. Siteco is a leading European lighting company with a worldwide workforce of 1,250 and revenue of around €220 million (approximately $306 million US) in fiscal year 2010. The company supplies luminaires and lighting systems for urban infrastructure such as public and commercial buildings, streets, tunnels, airports and sports stadiums.
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