Turblex now part of Siemens Energy
With mergers and acquisitions, failures and successes, name change quickly and you have got to pay attention to keep up. Fortunately, Hydrocarbon Processing monitors such things with great precision, so allow us to reveal the latest name altering triumph. Turblex Inc., acquired by Siemens Energy, Inc., officially adopted the Siemens name effective October 1, 2010. Now known as the turbomachinery solutions business segment of the oil and gas division of Siemens Energy, the company supplies centrifugal blowers and solutions for the waste water treatment, coal-fired power plant and industrial markets. While Turblex has been part of the Siemens organization for the past three years, only now has the time come for an official name change.
Siemens Turbomachinery Equipment GmbH, previously known as Kuehnle, Kopp & Kausch, owned a 51% stake in Turblex when it was acquired by Siemens AG in September 2006. A year later, in September 2007, the remaining 49% ownership in Turblex was purchased by Siemens AG. For the last three years, the Turblex and Siemens names have been linked to inform the markets in which Turblex had strong brand recognition that the brand name was changing. Having successfully accomplished that goal, Turblex has now legally merged into Siemens Energy Inc. and adopted the Siemens name.
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