Power Machines to sell stake in Siemens joint venture

Power Machines is negotiating the sale of its 35% stake in the Siemens Gas Turbine Technologies (STGT) joint venture to Siemens, with an estimated value of $5-6 million.

“The share of Power Machines can be estimated at 5-6 million dollars.”en.topcor.ru

• 2 sources
• en.topcor.ruPower Machines leave joint venture with Siemens and become competitors of GermansKrishnaMar 2, 2020
• russiabusinesstoday.comPower Machines Pulls Out of Siemens JV: Report - Russia Business TodayNovinar NovinarMar 2, 2020

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