INCOMPREHENSIBLE
- From: Vol 7, Issue 9 (September 2006)
- Category: Need to know
- Region: Unspecified
- Country: Germany and Oman
- Related Companies: Dow Chemicals, General Electric (GE), Siemens, VA Tech (Wabag) and Veolia
* Siemens announced that it had acquired 70% of Chinese systems integrator (see p18) CNC.
It is something of a breakthrough for the German technology group, whose fear of overpaying for assets seems to dominate corporate strategy. The plan is to use CNC as a platform from which to sell Siemens Water Technologies’ US products into the Chinese market. It is a smart move, but it begs the question of why Siemens doesn’t want ...
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