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Comment Business & Economics

Economic Indicators: Business News

By Dorothy Lozowski |

Mergers and Acquisitions Siemens acquires Chemitreat Group to expand water-treatment technology March 3, 2008 — Siemens announced that it has acquired the Singapore-based private limited Chemitreat Group to expand the water-treatment business in South East Asia. Chemitreat will become part of Water Technologies, a business unit of Siemens’ Industry Solutions division. With sales of more than €25 million in 2007, Chemitreat provides water-treatment technologies and services in Singapore, Thailand, Malaysia, Philippines and China. Sale of polypropylene compounding activity is complete February 29, 2008 — LyondellBasell Industries has completed the acquisition of Solvay Engineered Polymers, Inc., a leading supplier of polypropylene compounds in North America. The transaction — originally announced in November 2007 — was completed following the relevant regulatory approval. The combined North American business will be headed by Steve Dwyer, vice president of LyondellBasell’s Automotive Americas. Rockwell Automation to acquire safety and automation business February 28, 2008 — Rockwell Automation, Inc. has reached a definitive agreement to acquire the Safety and Automation business of CEDES…
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