Siemens would like to expand further
As can be gathered from the international press, Siemens is apparently interested in taking over Emerson Electric’s ...............
Network Power division, its power systems business for data centres, and would be prepared to pay USD 4 bn (EUR 3.5 bn) for it. Emerson had already announced a year ago that it planned to put this branch of its business up for sale.
Since negotiations are still likely to be at an early stage, it would not be possible to reach a conclusion before the end of the year.
Emerson’s chief competitors in the network power sectors are Schneider Electric and Eaton.