Siemens AG (SIEGn.DE)
2 Dec 2016
Thu, Dec 1 2016
MUNICH German engineering group Siemens is not planning any more big purchases of industrial software makers, a person close to the company told Reuters.
FRANKFURT German trains-to-turbines group Siemens is well placed to do business in the United States, regardless of whether President-elect Donald Trump backs fossil-fuels at the expense of renewable energy, its CEO told a newspaper.
FRANKFURT, Nov 26 German trains-to-turbines group Siemens is well placed to do business in the United States, regardless of whether President-elect Donald Trump backs fossil-fuels at the expense of renewable energy, its CEO told a newspaper.
* Siemens & U.S. startup LO3 Energy to jointly develop microgrids that enable local energy trading based on blockchain technology Source text for Eikon: Further company coverage:
DUESSELDORF, Germany Siemens has asked Michael Sen to return to its management board, just over a year after he left the engineering conglomerate to become the German power utility E.ON's finance chief, E.ON said on Thursday.
* The companies say they will further increase the funding of their joint innovation investment program by an additional 80 million euros ($85.79 million) to 230 million euros
FRANKFURT German engineering group Siemens has agreed to buy U.S.-based Mentor Graphics in a $4.5 billion deal that will bolster its industrial software operations and help it keep pace with changes to manufacturing technology.
* Mentor investor Elliott supports deal (Adds CFO comment, analyst comment, further details)
* Says about half of synergies from Mentor Graphics acquisition will be on revenue side, other half on cost side
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