💨 Abstract

Siemens, a German engineering firm, has stated it has the financial capacity for more software acquisitions, following its $10.6 billion purchase of U.S. industrial software company Altair. Cedrik Neike, a managing board member, indicated that this was not the last acquisition in software. He stated that the software business is a significant driver for growth and profitability.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖