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Siemens not planning any more big software acquisitions - source

Reuters

MUNICH (Reuters) - German engineering group Siemens (SIEGn.DE) is not planning any more big purchases of industrial software makers, a person close to the company told Reuters.

"We are pretty much done building the house of industry digitalisation," the source said on Thursday.

Siemens has bought a dozen software companies over the past 10 years, mostly in the United States, spending close to 9 billion euros (7.59 billion pound) to keep pace with changes to manufacturing technology.

Last month, it agreed to buy U.S.-based Mentor Graphics (MENT.O) in a $4.5 billion deal.

(Reporting by Jens Hack; Writing by Maria Sheahan; Editing by Andreas Framke/Keith Weir)