Siemens not planning any more big software acquisitions - source
Reuters
Published Dec 01, 2016 12:52
Siemens not planning any more big software acquisitions - source
MUNICH (Reuters) - German engineering group Siemens (DE:SIEGn) is not planning any more big purchases of industrial software makers, a person close to the company told Reuters.
"We are pretty much done building the house of industry digitalisation," the source said on Thursday.
Siemens has bought a dozen software companies over the past 10 years, mostly in the United States, spending close to 9 billion euros (7.59 billion pound) to keep pace with changes to manufacturing technology.
Last month, it agreed to buy U.S.-based Mentor Graphics (O:MENT) in a $4.5 billion deal.
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Written By: Reuters
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