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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Invensys | LSE:ISYS | London | Ordinary Share | GB00B979H674 | ORD 12.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 509.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
BRUSSELS--European Union regulators Thursday approved Siemens AG's (SIE.XE) acquisition of Invensys PLC's (ISYS.LN) rail-automation unit for 2.2 billion euros ($2.89 billion).
The European Commission said in a statement that the merged entity would continue to face competition from a number of other competitors, such as Thales SA, Alstom and Bombardier Inc.
Regulators said they had investigated the impact of the merger for the entire European Economic Area.
"The Commission found that Siemens and Invensys Rail have geographically complementary activities and are not each other's closest competitors," the commission said.
Siemens' railway signalling activities are most developed in Germany and Austria.
--Vanessa Fuhrmans contributed to this story
Write to Vanessa Mock at vanessa.mock@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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