Siemens could sell off part of its stakes in Siemens Healthineers , Siemens Energy and Fluence to help fund its $10.6 billion Altair acquisition, Chief Financial Officer Ralf Thomas said on Thursday.
German industrial giant Siemens announced Wednesday it had acquired software specialist Altair Engineering, valuing the US company at around $10 billion, with the aim of strengthening its position in artificial intelligence.
Siemens will buy American engineering software firm Altair Engineering in a deal valued at $10.6 billion, the German company said on Wednesday, as it seeks to strengthen its presence in the fast-growing industrial software market.
Investors with an interest in Industrial Services stocks have likely encountered both Siemens AG (SIEGY) and W.W. Grainger (GWW).
Does Siemens AG (SIEGY) have what it takes to be a top stock pick for momentum investors? Let's find out.
Siemens is looking to its online digital platform Xcelerator to support future growth, including at its factory automation business which has been hit by weakening demand in China and Europe, managing board member Peter Koerte said.
Investors interested in Industrial Services stocks are likely familiar with Siemens AG (SIEGY) and W.W. Grainger (GWW).
Siemens Energy Inc has filed a lawsuit in a Texas court against Citgo Petroleum's parent, PDV Holding, seeking to recoup about $200 million from a promissory note defaulted by Venezuela, according to a court document seen on Wednesday.
SIEGY completes the previously announced sale of Innomotics to KPS for $3.85 billion.
Siemens CFO Ralf Thomas discusses the company's growth strategy, and explains how the firm will attempt to mitigate risks caused by falling demand in China.
French utility company Suez, German company Siemens and Abu Dhabi National Energy Company have signed a memorandum of understanding (MoU) to participate in a desalination initiative to help emerging market countries.
Siemens President and CEO Barbara Humpton joins 'Mad Money' host Jim Cramer to talk how the company is powering data centers, its new New York plant, partnering with Salesforce and more.