Siemens Unit To Acquire US Co Morgan Construction

Mumbai: Siemens industrial solutions division on Jan 2 declared the take over of the US-based Morgan Construction Co, which produces rolling mill products and services for the metals industry globally. Siemens plans to acquire 100 per cent of Morgan Construction shares. Founded in 1888, Morgan Construction has designed and installed more than 450 rod, bar and billet mills in over 40 countries. Morgan led a consortium of partners, including Morgan India, Stein Heurtey and MECON, to secure the VSP contract. With the acquisition of Morgan Construction, they combine its competence in the sector of rolling mill equipment with our know-how in industrial automation.