Sunday, April 1, 2007

UPDATE 1-Toshiba buys U.S. turbine repair firm for $11 mln

(Reuters) - Toshiba International Corp., a unit of Japan's No. 2 electronics conglomerate, bought 61.16 percent of the Wisconsin-based company from the city of West Allis, Wisconsin, and other investors including Heartland Energy Services Inc., Toshiba spokeswoman Hiroko Mochida said.

Regenco, which had sales of about $27 million last year, was formed in 1999 out of Siemens AG's U.S. steam turbine repair unit, and provides maintenance support to General Electric and Westinghouse power plants.


Read more at Reuters.com Mergers News

No comments: