CORPORATE RESTRUCTURING
- From: Vol 9, Issue 4 (April 2008)
- Category: Need to know
- Region: Unspecified
- Country:
- Related Companies: Befesa, Queensland Water Commission , S.J. Services, Inc, Saudi MInistry of Water and Electricity , Siemens and Suez Environment
* Siemens is re-organising its water business in the first major shake-up since the acquisition of USFilter in 2004.
The company’s 20+ business lines are being streamlined into four core segments, with an emphasis on the service side of the business. This should help boost profitability, which is still below management’s target. GWI spoke to the CEO of Siemens’ Industry Solutions division, Joergen Ole Haslestad (see story p20).
* Befesa has also been making some changes. Most notably ...
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