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SIEGY Siemens AG (PK)

95.59
1.25 (1.32%)
Last Updated: 18:50:39
Delayed by 15 minutes
Name Symbol Market Type
Siemens AG (PK) USOTC:SIEGY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  1.25 1.32% 95.59 95.58 95.73 96.20 95.049 96.00 54,773 18:50:39

Meritor to Buy Siemens Commercial-Vehicles Business for $201 Million

20/05/2022 12:44pm

Dow Jones News


Siemens (PK) (USOTC:SIEGY)
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By Colin Kellaher

 

Meritor Inc. on Friday agreed to buy Siemens AG's commercial-vehicles business for about 190 million euros ($201 million) in cash, Meritor said.

The Siemens business, which has about 200 employees in Germany, China and the U.S., develops, designs and produces electric drive systems, Troy, Mich., auto-parts maker Meritor said.

Cummins Inc., which earlier this year agreed to buy Meritor for more than $2.5 billion, supports the Siemens deal, which is slated to close by the end of the year, Meritor said.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

May 20, 2022 07:29 ET (11:29 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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