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.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!