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Siemens goes subsea

IN MARCH 2012, SIEMENS HAS ACQUIRED the Connectors and Measurements Division of Expro, a British company specializing in the oil and gas industry. The unit engineers and manufactures subsea components such as cable connectors, sensors and measuring devices. This equipment forms a crucial part of the power grid that Siemens develops for use on the sea-bed at depths of down to 3 km. "With this acquisition we are strategically expanding our portfolio in the attractive future market for subsea power grids," says Adil Toubia, CEO of the Oil & Gas Division at Siemens Energy. In March 2011, Siemens had already acquired the two Norwegian companies Bennex and Poseidon. That brought the company know-how in subsea power distribution systems as well as general subsea engineering. Now the company is can compete against GE and Schlumberger, two other heavy weights in the subsea business. As part of the Power Grid development program, Siemens operates a technology and test center for subsea equipment in Trondheim (Norway). Over the next few years the German enterprise, building on its strong subsea competence base in Norway, intends to expand its own subsea activities, also offering its full product range in Houston, Rio de Janeiro and Singapore.

Publish date
2013-02-19
Company

Siemens

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