Released May 02, 2014 | JOHANNESBURG
en
Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--As Siemens AG (NYSE:SI) (Munich, Germany) jostles with General Electric (NYSE:GE) (Fairfield, Connecticut) for the acquisition of Alstom's (OTC:ALSMY) (Paris, France) power generation business, the German company is in talks to buy Rolls Royce's (LSE:RR.L) (RR) (London, England) energy gas turbine and compressor business.
Rolls Royce supplies aero-derivate gas turbines, compressor systems and related services to customers in the oil, gas and power generation sectors.
A Rolls Royce spokesman said that the discussions have not concluded, and the company will make "a further announcement in due course."
Rolls Royce also is in the middle of talks to buy Daimler's (OTC:DDAY) (Stuttgart, Germany) share of its 50:50 joint venture, Daimler-Rolls Royce Power Systems, for $3.36 billion.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
Rolls Royce supplies aero-derivate gas turbines, compressor systems and related services to customers in the oil, gas and power generation sectors.
A Rolls Royce spokesman said that the discussions have not concluded, and the company will make "a further announcement in due course."
Rolls Royce also is in the middle of talks to buy Daimler's (OTC:DDAY) (Stuttgart, Germany) share of its 50:50 joint venture, Daimler-Rolls Royce Power Systems, for $3.36 billion.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
