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Siemens bailing out of Assembly Equipment Business

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#54136

Siemens bailing out of Assembly Equipment Business | 21 March, 2008

Looks like Siemens has finally decided to exit the business for good. I know they have been shopping this unit around to other suitors for some time........without success apparently.

http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-23909454.htm

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#54158

Siemens bailing out of Assembly Equipment Business | 25 March, 2008

Take a look at the second page:-

http://ea.automation.siemens.com/bausteine.net/file/showfile.aspx?downdaid=5991&sp=E&domid=10&fd=2

They are going to become a wholly-owned subsiduary of the Drives division of Siemens.

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#54171

Siemens bailing out of Assembly Equipment Business | 25 March, 2008

Yes I stand corrected............we'll see what the future holds for them and hopefully they can survive. I know they've been shopping this unit around for some time.

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