EU approves Siemens’ $7.8bn US firm buyout

Siemens has been given the green light to buy a US¬†company which manufactures equipment for gas and steam turbines. The European Commission approved the $7.8 billion (¬£4.9bn) merger with Dresser-Rand following an in-depth investigation launched in February this year. The two companies supply turbo compressors as well as the engines which drive these compressors such […]