GEC Plc is seeking to become a bigger player in the software and services market by combining GEC Software Ltd with Marconi Software Systems Ltd to create a UKP15m-a-year GEC Software Systems Ltd business. According to the Financial Times, GEC is negotiating a joint venture between the new company, Siemens AG and Siemens’ OEM workstation supplier, Apollo Computer Inc, raising the possibility that the new European partners might be considering a friendly takeover of Apollo, which has indicated that it is looking for further capital (CI No 1,067).
GEC SIEMENS ALLIANCE TO HERALD A BID FOR APOLLO?
