Siemens to shy away from massive deals


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.

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