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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Siemens AG | TG:SIE | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.98 | -1.11% | 175.64 | 175.50 | 175.78 | 178.06 | 175.50 | 177.42 | 23,917 | 22:50:02 |
By Mauro Orru
Siemens AG (SIE.XE) said on Friday that it has signed an agreement through its local subsidiary Siemens Ltd. (500550.BY) to acquire New Delhi-based C&S Electric Ltd.
The German engineering conglomerate said it would acquire approximately 99% of C&S Electric Limited for roughly 267 million euros ($295.6 million).
"The addition of C&S Electric's products, sales network, manufacturing units and a highly competent employee base will complement and strengthen the range of Siemens' offering," said Sunil Mathur, managing director and chief executive at Siemens Ltd..
Siemens added that C&S Electric has more than 5,000 employees.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
January 24, 2020 08:51 ET (13:51 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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