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The European Commission has approved GE and Rosneft to acquire a joint venture
in Russia.
GE and Rosneft were approved to acquire a Russian joint venture
The joint venture will focus on the development, implementation, licensing and operation
of IoT applications based on the Predix platform provided by General Electric.
GE is a manufacturing, technology and services company in a variety of sectors, including oil and gas manufacturing, services, and digital solutions
.
Sibintek, a subsidiary of Rosneft, holds a stake in the joint venture, which provides information technology solutions
.
The European Commission said the proposed acquisition would not raise competitive concerns because the joint venture had very little and foreseeable
activity in the EEA.
，
The European Commission has approved GE and Rosneft to acquire a joint venture
in Russia.
GE and Rosneft were approved to acquire a Russian joint venture
GE and Rosneft were approved to acquire a Russian joint ventureThe joint venture will focus on the development, implementation, licensing and operation
of IoT applications based on the Predix platform provided by General Electric.
GE is a manufacturing, technology and services company in a variety of sectors, including oil and gas manufacturing, services, and digital solutions
.
Sibintek, a subsidiary of Rosneft, holds a stake in the joint venture, which provides information technology solutions
.
The European Commission said the proposed acquisition would not raise competitive concerns because the joint venture had very little and foreseeable
activity in the EEA.
，
