EU OKs Siemens’ Purchase of Mentor
Published: 23 February 2017
by Chelsey Drysdale
MUNICH – Siemens is set to receive unconditional EU antitrust approval for its $4.5 billion bid for Mentor Graphics. Siemens announced the deal last November.
The firm’s move is a response to growing customer demand for software for smart connected products such as airplanes, trains and cars.
Siemens expects an increase in software revenue of about 33% as a result of the deal.
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