Most of the big automation vendors have ownership offshore. Invensys is British, Siemens is German, Schneider is French, ABB and E+H are Swiss, and so on. It's not unusual, and therefore not news, to hear of them making a new deal in the Middle East, or Africa or South America or wherever.
Lest you think we're all wireless all the time here, I'll share pieces from an email that popped up in my in box this morning. "Late last night at in impromptu press conference, SAP announced that it had agreed to acquire Business Objects for 42 euros per share or around 4.8bn euros.