Siemens Snaps Up Steam Generator Cos. For €170M
The German conglomerate decided to complement its turbine business and deepen its array of power plant components by buying sister companies NEM BV and NEM Energy Services BV, according to a statement.
The tandem companies manufacture and service heat-recovery steam generators for combined-cycle power plants that use gas and steam. The heat-recovery steam generators convert the heat from a...
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