Siemens Rebrands NEM Energy as Siemens Heat Transfer Technology
January 17 2018 - 6:17AM
Dow Jones News
By Nathan Allen
Germany's Siemens AG (SIE.XE) said Wednesday that it has renamed
its NEM Energy subsidiary Siemens Heat Transfer Technology.
The rebranding is part of a broader push toward integrating the
company more closely into Siemens's gas and power division, Siemens
said.
"Besides the name change, all other company details and the
current legal structure remain unchanged," Siemens said in a
release.
Siemens acquired the company, which specializes in heat-recovery
steam generators for power plants, from HTP Capital BV in 2011.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
January 17, 2018 06:02 ET (11:02 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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