Siemens agrees to buy Invensys Rail

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INTERNATIONAL: Siemens AG confirmed on November 28 that it had agreed to purchase Invensys Rail, the signalling arm of the UK-based industrial automation group Invensys. Valued at €2·2bn, the deal is expected to be completed by mid-2013, subject to regulatory approval and endorsement by the Invensys shareholders at a General ...

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