EU clears GE and Rosneft joint venture for industrial IoT

The European Commission approved the acquisition of joint control over a Russian joint venture by General Electric and Rosneft subsidiary Sibintek, focusing on industrial IoT applications based on GE's Predix platform.

“The European Commission said on April 6 it approved under the EU Merger Regulation the acquisition of joint control over a joint venture based in Russia by the US’ General Electric Company (GE) and Rosneft Oil Company.”iene.eu

• 1 source
• iene.euEU Clears Acquisition of General Electric-Rosneft Joint Venture - Institute of Energy for South-East EuropeApr 10, 2018

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