Siemens looks into partnering on gas turbine business

Gas turbine engine is the prime mover of gas compressor

Bloomberg is reporting that Mitsubishi Heavy Industries Ltd is talking with Siemens AG about a possible purchase or joint venture agreement, which would see Mitsubishi take over Siemens’ gas turbine business.

The people reportedly said that Siemens is talking with several other firms as well.

According to Bloomberg, people familiar with the matter stated that the options range from a full or partial sale of the division to a joint venture.

Want to know more? Read the full article at ESI-Africa.com

Source: ESI Africa

About ESI Africa

ESI Africa – Africa’s leading power and energy journal – is positioned as an impartial industry mouthpiece, delivering the latest technical developments, breaking news and analysis in both print and digital formats. 

Since 1996, ESI Africa has presented unique market opportunities to both buyers and sellers; facilitating sector stakeholder engagement through key event media partnerships and through our position as host publication of the Clarion Energy Power series worldwide. Thus, the journal’s various routes to market are expertly primed to build a bridge between readers and solution providers as ESI Africa sifts through the daily noise and delivers the tale of Africa’s energy power and water transformation to the African and global market.

Register to receive the ESI Africa newsletter in your inbox!

Related blogs