Siemens to buy Canada’s RuggedCom for $382M
Siemens will buy RuggedCom, a Canadian maker of data communications networks systems, for about $382 million, to improve access to markets in North America and the Asia-Pacific region. The deal is Siemens’ largest since it took over Israeli solar thermal fields maker Solel for $418 million in 2009. Anton Huber, CEO of Siemens Industry Automation division, said the acquisition of RuggedCom would improve Siemens’ router and switch products.
Read more : Siemens to buy Canada’s RuggedCom for $382M
