German industrial conglomerate Siemens AG signed a letter of intent on Wednesday to participate in up to US$5.6 billion of energy, transportation and infrastructure projects in Argentina, Chief Executive Joe Kaeser said.
German industrial megalith Siemens and Spanish wind energy giant Gamesa have announced they will merge their wind energy businesses. Gamesa and Siemens announced Friday that they have signed binding agreements to merge Siemens’ wind business with Gamesa, to create a leading global wind power player.