SIEMENS ACQUIRES BRIDGES ELECTRIC

RALEIGH, N.C., Jan. 26, 2007 - Siemens Power Transmission & Distribution, Inc. (SPT&D) announces that it has acquired Bridges Electric, Inc. of Heber Springs, Arkansas.

The acquisition of Bridges Electric allows Siemens to expand its market with the addition of Bridges' disconnect switch business in the North American market.

Bridges Electric, Inc. has been serving the power transmission and distribution community with reliable solutions for its overhead distribution systems since 1962. The company was founded by Ronald P. Bridges and under his leadership the company grew to be an innovator in the disconnect switch business. The Company designs and produces a variety of air break switches including three phase gang operated air break switches manual and motorized, station class single phase hookstick disconnects, distribution class single phase hookstick disconnects, and regulator as well as OCR by-pass switches.

"Bridges has established an excellent reputation in the disconnect switch business. Their product portfolio and team commitment to quality will be valuable enhancements to SPT&D," said Siemens Power Transmission & Distribution President and CEO Dave Pacyna. "This acquisition is a further indication of our long term commitment to advance our leadership position int he transmission and distribution industry. I look forward to working with the Bridges Electric, Inc. team as we integrate this business into SPT&D."

"We are joining a business focused on market expansion and growth," said Jeff Puckett, who has led Bridges Electric for the past 3 years. "This transition will open a world of new opportunities for our customers, our employees and our business here at Bridges Electric, Inc."

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