Siemens to buy gas and steam power plant component supplier

Siemens plans to acquire the Dutch sister companies NEM B.V. and Nem Energy Services B.V. (NES). The two specialists in heat recovery steam generators for combined-cycle (gas and steam) power plants (CCPP) together employ a workforce of around 1,000 and booked sales of EUR325 million in fiscal 2010 (ended September 30). The companies are currently owned by HTP Capital B.V.

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