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EU: British rail tech co to see buyout by German conglomerate

By  |  April 18, 2013

The European Commission has announced its approval for German industrial company Siemens to acquire British rail technology company for $2.7 billion. According to reports, the Commission found that the combined entity will continue to face healthy competition. Siemens announce d the takeover of Invensys Rail last November; the company focuses on railway signal technology.

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    Full Content: Phys.org

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