The European Commission said on April 6 it approved under the EU Merger Regulation the acquisition of joint control over a joint venture based in Russia by the US' General Electric Company (GE) and Rosneft Oil Company, through its subsidiary Sibintek LLC, both of Russia.

According to the European Commission, the joint venture will focus on the development, implementation, marketing, licensing and/or operation of industrial Internet of Things (IoT) applications based on the Predix Platform off...

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