Flender supplies Winergy branded gear boxes and generators for wind turbines, gears and couplings for cranes, ships, oil and gas production, as well as components for the chemicals, pharma, cement and food industries.earlier this year and has plans to use this company as a platform to consolidate transmissions makers. It is seen as having an edge over other suitors in the auction as it would be able to reap synergies by merging Flender with Renk, the sources said.
If final offers fall short of Siemens’ expectations, the industrial conglomerate will opt to spin off the business as a separately listed company, the sources also said. Siemens bought Flender, which traces its roots back to a 19th century maker of belt pulleys, from Babcock Borsig in 2005. Flender has, however, not lived up to Siemens’ growth and profitability expectations.
Products for the wind power sector have strong growth prospects but the outlook for the other industries the company serves are less positive, the people said. Additional reporting by Alexander Hübner and Tom Käckenhoff, editing by Emma Thomasson and Jane Merriman
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
wow
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Huawei in talks to sell parts of its Honor smartphone business - sourcesHuawei Technologies Co Ltd is in talks with Digital China Group Co Ltd and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion), people with knowledge of the matter said. 1、批量关键词优化推广，7天上万关键词优化到搜索引擎首页； 2、各类百科词条创建、编辑，8年经验，一手团队。 3、seo服务，网站问题诊断，专门解决不收录、k站、关键词快速排名问题； 4、高权重论坛博客发帖，新闻发布，新媒体运营，营销效果杠杠的； 电话微信同号：15716807771 Would you employ a graduate in mass communication 🚫💩🇨🇳
Source: Reuters - 🏆 2. / 97 Read more »
Exclusive: Huawei in talks to sell parts of its Honor smartphone business - sourcesHuawei Technologies Co Ltd is in talks with Digital China Group Co Ltd and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion), people with knowledge of the matter said. Tweet: 'Interesting... 😱' So what happens when a Huawei in Alibaba team up to like game set PayPal like I'm not beholden to us interests just to make that really clear y'all playing games with people's minds and I don't do that I play fair I played direct and I'm honest
Source: Reuters - 🏆 2. / 97 Read more »
VIDEO: Pelosi has heated argument with CNN's Blitzer on stimulus talks - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. She doesn’t care about the Americans just wants to bail out blue states .. she’ll delay till the election good It's time for this lunatic to be removed
Source: BusinessInsider - 🏆 729. / 51 Read more »