Gulf Oil and Gas accountACCOUNT

Siemens Acquires Berwanger to Augment Oil & Gas Business

Source: www.gulfoilandgas.com 1/3/2006, Location: North America

Siemens Energy and Automation, Inc. has completed the acquisition of Berwanger, Incorporated Effective immediately, the company will be named Berwanger Incorporated, A Siemens Company. Terms of the acquisition will not be disclosed. Berwanger will be part of the oil and gas business of the Siemens Industrial Solutions and Services Group (I&S), a global leader in process automation and systems integration. With this purchase, Siemens has made a commitment to strengthen its position in the oil, gas, and petrochemical industries.

“The acquisition of Berwanger will allow Siemens to expand its international reach in the oil, gas and petrochemical industries,” said Aubert Martin, president and CEO, Siemens Energy & Automation, Inc. “Ever-increasing demand for fossil fuels and the impact of recent natural disasters makes process and production efficiency even more critical for oil and gas producers. Berwanger is renowned for its world-class engineering and software development to the oil & gas industries. A combined portfolio of Siemens and Berwanger products, services, and solutions represents a unique and complementary offering to our customers.”

“The combined portfolio of Siemens and Berwanger services and solutions supports an aggressive growth strategy and further penetration into both existing and new markets,” said P. C. (Pat) Berwanger, President and CEO, Berwanger, Incorporated. “In addition, I’m confident Siemens will provide Berwanger with the level of investment required in people, technology and operations to strengthen their global market position.”

Mergers and Acquisitions News in United States >>

Mexico >>  8/19/2019 - The Bureau of Ocean Energy Management has approved Equinor and Shell’s transaction announced in May 2019, whereby Equinor exercised its preferential r...
Nigeria >>  8/19/2019 - Savannah Petroleum PLC, the British independent oil & gas company focused around activities in Niger and Nigeria, is pleased to provide an update in r...

United States >>  8/19/2019 - Motiva Enterprises LLC and an affiliate of Flint Hills Resources announced that they have signed an agreement for Motiva to acquire a 100% ownership i...
Australia >>  8/18/2019 - Oilex has entered into an agreement with Holloman Energy Corp ('HEC') to acquire its 48.5003% interest in the PEL 112 and 444 license in the world cla...

United States >>  8/14/2019 - TGS-NOPEC Geophysical Company ASA (TGS) has completed its acquisition of Spectrum ASA (Spectrum), creating a leading global multi-client geophysical d...
China >>  8/12/2019 - China based offshore and subsea solutions company, COOEC Offshore, has formed an alliance with international oilfield services company, Expro. The for...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 |

More News

Related Links

CA US
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.