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Siemens to buy stakes in two units

Siemens to acquire the isolator division of Elpro International Ltd for an undisclosed sum.

india Updated: Jan 27, 2006 16:37 IST
Reuters
Reuters
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Siemens Ltd the Indian unit of Siemens AG, said on Friday that it proposed to acquire the isolator division of Elpro International Ltd for an undisclosed sum.

The company also said that it would buy a 50 per cent stake in Flender Ltd, a joint venture between Flender AG and Babcock Borsig India Ltd.

First Published: Jan 27, 2006 16:37 IST