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Siemens AG Press Releases
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Latest press releases of Siemens AG
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Siemens offers EUR 6.10 in Cash per IBS Share
Siemens plans a focused expansion of its industry software portfolio and intends to make a voluntary public takeover offer to the shareholders of IBS Aktiengesellschaft excellence, collaboration, manufacturing (WKN 622840) (“IBS AG”) to acquire all shares in IBS AG. IBS shareholders are to receive EUR 6.10 per share in cash. This corresponds to a premium of approx. 33 percent compared to today’s closing share price for IBS AG (XETRA). Through the acquisition of IBS AG, a supplier of software solutions for industrial quality and production management, Siemens complements its offering of industrial automation solutions. The management board of IBS AG welcomes the offer from Siemens in principle.
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Siemens receives another major order for combined cycle power plant in Saudi Arabia - Order value for Siemens over 1 billion U.S. dollars
Siemens will supply key components for the IPP Qurayyah combined cycle power plant (CCPP) in the Kingdom of Saudi Arabia. With an installed capacity of 4 gigawatts (GW) it will be one of the world's largest CCPPs, and will supply enough electrical energy to meet approximately one tenth of the country's current power demand for its 28 million inhabitants. Commissioning of the total of six blocks is scheduled for 2014.
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Siemens announces agreement to acquire Canadian network supplier RuggedCom Inc.
Siemens has entered into an agreement with RuggedCom Inc. (TSX: RCM) to acquire all of the issued and outstanding common shares of RuggedCom by way of a friendly, board-supported takeover bid. The Canadian company listed on the Toronto Stock Exchange is a leading provider of communications and networking solutions for harsh industrial environments. The takeover bid is for C$33.00 per common share in cash, or a total transaction value of approximately C$382 million.
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Adil Toubia appointed CEO of the Siemens Oil & Gas Division
Effective February 1, 2012, Adil Toubia (53) will become CEO of the Oil & Gas Division of Siemens Energy. He succeeds Tom Blades, who has been appointed as a member of the Managing Board of Linde AG. Adil Toubia brings three decades of experience in this branch of industry and was most recently a partner in Energy Capital Group, a private equity investment firm in the oil and gas industry.
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Siemens wins steam turbine orders for solar thermal power plants in India
Siemens Energy has been awarded three orders by different customers to supply a total of four steam turbine generator units for solar thermal power plants in the Indian state of Rajasthan. The steam turbines of type SST-700 are intended for the Godawari, Abhijeet and Diwakar & KVK parabolic trough power plants. With a total rating of 300 megawatts (MW), these plants will make a contribution to meeting India's growing electricity demand from solar power when they go on line in the spring of 2013.
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