Siemens To Acquire Minority Stake In EMIS Electrics
Siemens AG will acquire a minority stake in EMIS Electrics GmbH (EMIS), a company headquartered in Lübbenau in the state of Brandenburg. The Federal Cartel Office, the supervisory authority, has already approved the acquisition.
“EMIS has for many years been a reliable partner for Siemens in the fields of installation and cabinet production for power plant projects,” said Karlheinz Springer, CEO of the Instrumentation, Controls & Electrical Business Unit within the Fossil Power Generation Division of Siemens Energy. “The minority stake will raise our cooperation to a new level. In the future, too, we’ll be continuing our cooperation with ENIS for new-build and power plant modernization projects.”
“The Siemens investment will contribute toward strengthening our successful organic growth,” said Eberhard Perschk, Managing Director of EMIS Electrics GmbH. “That will include above all the expansion of the power plant-related business areas service, cabinet production and automation equipment on the German and, in particular, on the Eastern European market.”
For more information: www.siemens.com