Siemens to buy U.S.'s CD-adapco for $1 bln: Reuters
Siemens AG plans to buy CD-adapco, a privately held U.S. engineering software company, for about $1 billion, Reuters reported Monday, citing a person close to the deal. The all-cash deal is expected to be announced later on Monday, according to the report. The takeover comes after CD-adapco's co-founder and CEO Steve MacDonald passed away in September last year and was succeeded by his widow Sharron MacDonald. Siemens share prices were flickering around the flat line in early European trade.
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