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Siemens to buy Mentor Graphics in $4.5 billion deal

November 14, 2016 by · Leave a Comment 

Siemens agreed to buy U.S.-based Mentor Graphics in a $4.5 billion cash deal that will further enhance the German engineering group's industrial software capabilities. Siemens said on Monday it …

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Siemens to buy Mentor Graphics in $4.5 billion deal

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China’s yuan trade system to open branches in London, New York

June 12, 2016 by · Leave a Comment 

China's state-owned currency marketplace said on Sunday it was preparing to open branches in London and New York as part of efforts to promote the yuan's global status. The China Foreign Exchange Trade System (CFETS), a subsidiary of China's central bank, said in a statement that by expanding its network offshore, it aims to serve more overseas institutions and become a “main trading platform and pricing center” for the yuan globally. China has been gradually loosening its capital controls to allow …

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China’s yuan trade system to open branches in London, New York

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Siemens CEO says not interested in robot maker Kuka

June 12, 2016 by · Leave a Comment 

Siemens has no interest in becoming a white knight for German robot maker Kuka , which is the target of a 4.5 billion euro ($5.06 billion) takeover bid by Chinese home appliance maker Midea , Siemens' chief executive said. “If we had been interested, we would have acted on it some time ago,” Joe Kaeser told German broadcaster ntv in an interview. Midea's bid has fanned a furious debate over Chinese takeovers in Europe, with politicians such as German Economy Minister Sigmar Gabriel calling for tougher restrictions.

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Siemens CEO says not interested in robot maker Kuka

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Siemens to buy CD-adapco for close to $1 billion: source

January 25, 2016 by · Leave a Comment 

Siemens AG , Europe's biggest industrial group, has agreed to buy CD-adapco, a privately held U.S. engineering software firm, for close to $1 billion in cash, according to a person familiar with the matter. Siemens's deal with CD-adapco could be announced as early

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Siemens to buy CD-adapco for close to $1 billion: source