Siemens not planning any more big software acquisitions

Industry: ,    2016-12-02

MUNICH: German engineering group Siemens 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 ($9.6 billion) to keep pace with changes to manufacturing technology.

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