We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Siemens AG | TG:SIE | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2.04 | 1.16% | 177.60 | 177.46 | 177.74 | 178.64 | 174.96 | 175.72 | 34,217 | 22:50:02 |
From May 2021 to May 2024
By Olivia Bugault
Siemens AG said late Monday that it has signed a deal for the acquisition of U.S.-based electronics value chain provider Supplyframe for $700 million.
The German engineering conglomerate said that the acquisition would reinforce its Software as a Service portfolio.
"Supplyframe's SaaS offerings have been growing with approximately 40% per annum over the last years, a rate that is expected to continue mid-term," Siemens said. Supplyframe's expected revenue for its fiscal year 2021 is around $70 million, Siemens said.
The German company also said that it expects important synergies from the deal and that its earnings per share should increase pre-purchase price allocation in the second year after closing. The deal is expected to close in the fourth quarter of its fiscal year 2021.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
May 18, 2021 02:34 ET (06:34 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year Siemens Chart |
1 Month Siemens Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
