Siemens to Acquire Process Systems Enterprise
September 17 2019 - 2:16AM
Dow Jones News
By Kim Richters
Siemens AG (SIE.XE) said late Monday that it plans to buy
technology company Process Systems Enterprise.
The German conglomerate said that it will acquire 100% of the
share capital in the London-based company, which produces advanced
process modeling software and services.
Siemens said that it has been working with Process Systems
Enterprise since June last year. It added that it plans to
integrate the company into its process automation business unit,
part of Siemens Digital Industries.
Financial terms of the deal--expected to close in the fourth
quarter--weren't disclosed.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
September 17, 2019 02:01 ET (06:01 GMT)
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