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July 16, 2014
08:02 EDTSIEGYSiemens expands strategic partnership with Penn State
Siemens strengthened its 25-year relationship with The Pennsylvania State University by announcing a major in-kind grant of product lifecycle management software with a commercial value of $750M to enhance academic and research programs. Students at Penn State will now have access to the same Siemens PLM software used throughout the global manufacturing industry to design, develop and manufacture some of the world’s most sophisticated products in a variety of industries, including automotive, aerospace, medical devices, machinery, shipbuilding, and high-tech electronics.
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November 25, 2015
12:41 EDTSIEGYSiemens to acquire Polarion, terms not disclosed
Siemens has entered into an agreement to acquire Polarion, developer of the first browser-based application lifecycle management enterprise solution, the company announced. Siemens said it will add the Polarion offerings to its Teamcenter software, which will further enhance Siemens support for systems driven product development. The transaction is expected to close during the first quarter of 2016. Terms of the acquisition will not be disclosed.
November 23, 2015
06:39 EDTSIEGYSiemens CEO: Political risk in Europe may harm investment plans, FT says
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