TOKYO (XFN-ASIA) - Toshiba Corp has acquired a US turbine maintenance firm for some 2 bln yen to provide repair and aftercare services there, the Nikkei reported, without citing sources.
A US subsidiary of Toshiba bought slightly more than a 60 pct stake in ReGENco LLC at the end of March, the business daily said.
The steam-turbine servicer, which was split off from Germany's Siemens AG in November 1999, logs annual sales of around 3 bln yen, it said.
(1 usd = 117.83 yen)
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