Siemens to Acquire Automation Specialist IST

Date : 07/05/2019 @ 3:16PM
Source : Dow Jones News
Stock : Siemens AG (SIE)
Quote : 116.8  0.66 (0.57%) @ 4:34PM
Siemens share price Chart

Siemens to Acquire Automation Specialist IST

Siemens (XE:SIE)
Historical Stock Chart

6 Months : From Jun 2019 to Dec 2019

Click Here for more Siemens Charts.

By Patrick Costello


Siemens AG (SIE.XE) said Friday that it has agreed to acquire IST GmbH, a Germany-based specialist in automation technology, for an undisclosed sum.

IST and its roughly 50 employees should be integrated into the production machines segment of Siemens' digital industries unit by April 1, 2020, the German industrial conglomerate said. The two parties agreed not to disclose the financial terms of the deal.

Siemens said it aims to strengthen its development potential in the market for production machinery with the acquisition. IST develops applications and services for the control of production machines, Siemens said.


Write to Patrick Costello at


(END) Dow Jones Newswires

July 05, 2019 11:01 ET (15:01 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20191207 15:12:20