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SIE Siemens AG

177.66
4.10 (2.36%)
26 Apr 2024 - Closed
Realtime Data
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
  4.10 2.36% 177.66 177.52 177.78 178.00 174.14 174.38 51,869 22:50:02

Software Consultancy ThoughtWorks Gets $720 Million Investment

14/01/2021 6:15pm

Dow Jones News


Siemens (TG:SIE)
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By Colin Kellaher

 

Software consultancy ThoughtWorks Inc. on Thursday said it received a $720 million investment at an enterprise value of $4.6 billion from four new investors, including a pair of sovereign wealth funds.

In addition to Singapore's GIC Private Ltd. and Abu Dhabi's Mubadala Investment Co., the new investors include German conglomerate Siemens AG and mutual-fund giant Fidelity Management & Research LLC.

Chicago-based ThoughtWorks said it will use the proceeds to repurchase equity from existing investors. Private-equity firm Apax Partners acquired ThoughtWorks in 2017.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

January 14, 2021 13:00 ET (18:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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