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SP Group acquired Siemens' 49% stake in Power Automation Pte Ltd, making it a wholly-owned subsidiary, to strengthen capabilities in smart grid and energy solutions.
“SP Group (SP) today announced that it has acquired Siemens AG’s (Siemens) 49 per cent stake in Power Automation Pte Ltd (PA), making PA a wholly-owned subsidiary of SP.”spgroup.com.sg
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