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Title
Press Release: Siemens acquires Elektrozavod’ stake in Russian joint venture
Description
Siemens Energy has fully acquired Siemens High Voltage Products OOO (LLC). Until now, Siemens had held a 51-percent stake in the joint venture headquartered in Ufa, the capital of the Russian Republic of Bashkortostan located near the foothills of the Ural Mountains. Elektrozavod, Russia’s largest transformer manufacturer, held the remaining 49 percent in the joint venture, which was founded in November 2008. The Russian competition authority approved the transfer of title. Following completion of the acquisition Siemens wants to expand the production of circuit-breakers and disconnectors for high-voltage switchgear for the Russian market.
Date
Mar 2, 2010

Smart Grid News Updates

Smart Grid: The Tuesday Topic - Smart Grid News - Grid Modernization and the Smart Grid

 THE TUESDAY TOPIC

Is the smart grid industry stalled? Or accelerating?

We're getting mixed signals about the vitality of the smart grid market. On the one hand, the recent DistribuTECH conference was one of the most successful ever. On the other, a well-known Wall Street analyst recently told his clients that the smart metering sector is "facing several headwinds," including weak regulatory support in the U.S. and delays in European adoption. Taking the pulse of the smart grid industry is this week's Tuesday Topic.

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