ZURICH: Siemens does not see an urgent need for massive acquisitions to build up its size again after floating its turbine business Siemens Energy, according to a source close to the company.
Although the trains to industrial software maker has the financial muscle to undertake big deals, transformational acquisitions bigger than 10bil (US$11.6bil) are not necessary, a source said.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
