January 25, 2007 |
German engineering company Siemens agreed to buy software maker UGS Corp. for $3.5 billion, including debt, and separately announced plans to spin off its VDO automotive unit. Plano, Texas-based UGS, whose software is used by customers including General Motors Corp. to design cars, is owned by Bain Capital, Silver Lake Partners and Warburg Pincus.
June 20, 2006 |
Nokia Corp. and Siemens said Monday they would combine their network equipment units in a reported $30-billion joint venture to more effectively take on market leader Ericsson. The combination, to be called Nokia Siemens Networks, would create one of the largest players in the industry, with $20 billion in annual sales. Besides Ericsson, it also puts pressure on Lucent Technologies Inc., Alcatel, Motorola Inc. and Nortel Networks Corp.
April 28, 2006 |
German industrial conglomerate Siemens announced plans Thursday to buy Los Angeles-based medical lab company Diagnostic Products Corp. for $1.86 billion in cash. Under the deal, which must be approved by regulators and Diagnostic Products shareholders, Siemens will pay $58.50 for each outstanding share of Diagnostic. The offer is 21% above Wednesday's closing price. Diagnostic Products shares rose $9.36, or 19%, to $57.81 on the news Thursday. Siemens fell $1.45, or 1%, to $97.31.
May 13, 2004 |
Siemens, the German engineering and technology conglomerate, said Wednesday that it would acquire most of U.S. Filter Corp. of Palm Desert for $993 million to expand its reach into the growing global water treatment market. Siemens will pay parent Veolia Environnement of Paris for U.S. Filter's water, systems and products businesses, which generated $1.1 billion in revenue in 2003, according to U.S. Filter.
November 7, 2002 |
Nokia, Siemens, Ericsson and NTT DoCoMo Inc. agreed to reduce royalty payments for faster wireless technology to boost their chances of getting chosen by phone companies over San Diego-based Qualcomm Inc. The companies aim to keep royalties related to wideband code-division multiple access technology at less than 5% of the price of the equipment. That's less than companies must pay Qualcomm, which is the most significant single owner of patents for WCDMA and cdma2000, a rival technology.
August 28, 2002 |
Siemens, the fourth-largest mobile-phone maker, will cut an additional 700 jobs in its cell-phone division to reduce costs. Siemens had previously planned to cut 4,600 jobs at the unit. The Munich, Germany-based company is struggling to make its communications divisions profitable as telecommunications companies around the world slash spending on investments and demand for mobile phones decreases. Siemens' fixed-line phone networks division said Monday that it plans to cut 4,000 jobs.