Siemens AG said it has acquired a 77 pct stake in India's iMetrex Technologies Ltd for an undisclosed amount in order to expand its building technologies operations.
Siemens also said it has an option to acquire the remaining 23 pct stake in the company within the next five years.
In the fiscal year to end-March, 2007, iMetrex had sales of 28 mln eur.
Source : Forex TV