ABB BUYS SIEMENS POWER SYSTEMS UNIT.
The Swiss-Swedish engineering and technology company ABB Ltd said on July 26 it had bought a unit of Siemens, of Germany, that specialises in supplying power systems to the metals and chemicals industries. The unit, which employs 15 people and has annual worldwide sales of USD27 million, will be integrated into ABB's automation division. The unit supplies and services rectifier...
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