In a statement German engineering company Siemens said, it has agreed to sell the mail and parcels business of Siemens Logistics business to German technology group Koerber for a price of $1.31 billion (1.15 billion euros). The deal is expected to… Read More ›
industrial automation
ABB acquires controlling stake in InCharge Energy
On Thursday, in a statement ABB said, it had acquired a controlling interest in U.S-based InCharge Energy, which specializes in electric vehicle (EV) commercial charging infrastructure. ABB, which makes industrial automation and factory robots said, the acquisition built on an initial investment… Read More ›