Siemens is expanding its business with software for building and infrastructure technology with an acquisition in the USA of up to 1.8 billion euros. The Munich-based technology group is buying Brightly Software, the manufacturer of an app for monitoring, controlling and maintaining buildings and systems, for an initial price of 1.575 billion dollars, Siemens announced. Brightly software accesses data from buildings such as schools, hospitals or industrial companies and the systems installed there – regardless of the manufacturer – and helps their operators with an app to monitor them. Brightly is the most expensive acquisition for Siemens AG since the split into three listed companies. The takeover is part of the digitization strategy with which Siemens boss Roland Busch wants to network the real with the virtual world. In addition, cloud software, for which customers pay depending on use, is to play a greater role in all sectors.
Siemens – purchase of software company – economy
