WSJ: EU officials visit ABB and Siemens as part of cartel investigation

The Wall Street Journal is reporting that EU investigators have visited the offices of ABB and Siemens in connection with an investigation on alleged cartel activity. According to the Journal: "The antitrust probe concerns the production of Flexible ...
Feb. 3, 2010
The Wall Street Journal is reporting that EU investigators have visited the offices of ABB and Siemens in connection with an investigation on alleged cartel activity.

According to the Journal: "The antitrust probe concerns the production of Flexible Alternating Current Transmission Systems, or FACTS, used to increase the power transfer capability of electricity transmission grids, the commission said."

EM has no independent confirmation of this, but will follow the situation as it develops.

About the Author

Doug Chandler, Senior Staff Writer

Executive Editor

Doug Chandler began writing about the electrical industry in 1992, and still finds there's never a shortage of stories to be told. So he spends his days finding them and telling them. Educationally, he's a Jayhawk with an English degree. Outside of work, he can often be found banging drums or harvesting tomatoes.