Other companies have also expressed interest, according to the people. Siemens Energy AG said Tuesday that it has been awarded a contract to build a power plant in Brazil as part of a liquefied natural gas to power complex in the Rio de Janeiro. Siemens could combine the business with its power-distribution activities.Įmerson, also exploring options for the rest of its non-core businesses, is talking with private equity firms, including Platinum Equity LLC, about a sale, the people said, which would be simpler and less risky than a spin-off. Its main customers are operators of data centres and telecoms networks and energy providers and its main rivals are Eaton ETN.N and Schneider Electric SCHN.PA. REUTERS/Lukas BarthĮmerson said last June it planned to spin off the power business to concentrate on its industrial automation operations as well as its commercial and residential heating and air conditioning divisions.Įmerson’s network power business provides equipment and services that stop mission-critical systems from failing, including surge prevention, uninterruptible power supplies and precision cooling. A Siemens logo is pictured on an office building of Siemens AG in Munich May 30, 2014.
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