December 1, 2016 / 12:55 PM / 3 years ago

Siemens not planning any more big software acquisitions: source

Siemens logo is pictured at a building of the manufacturing plant of Siemens Healthineers in Forchheim near Nuremberg, Germany, October 7, 2016. REUTERS/Michaela Rehle

MUNICH (Reuters) - 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 digitalization,” 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.

Last month, it agreed to buy U.S.-based Mentor Graphics in a $4.5 billion deal.

Reporting by Jens Hack; Writing by Maria Sheahan; Editing by Andreas Framke/Keith Weir

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below