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.
United States prosecutors charged eight former Siemens AG executives with paying 100 million dollars in bribes for more than a decade to Argentina officials to help win a one billion dollars contract to produce national identity cards.
A former management board member of Germany’s Siemens AG has been charged with breach of trust for alleged bribery payments made to win a project in Argentina, the Munich State Prosecutors office said this week.