Citing structural changes in global power generation markets, Siemens AG, Munich, Germany, today announced a staff reduction of 6,900 people worldwide.
The Weidmüller Group, Detmold, Germany, has acquired W Interconnections Inc. from Rockwell Automation. The business manufactures active and passive interface modules for industrial automation and control applications including printed circuit...
The move puts an end to speculation that a strategic investor might buy Siemens’ stake as a platform to pursue ownership of Osram outright.
ABB executives point to GE’s established distribution base and brand recognition as important factors in its decision to add the business to its growing North American platform.
Electric power industry begins long road to recovery.
Prime Minister Modi has launched a $2.5 billion project to electrify all the country’s households by December 2018.