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Siemens strengthens its digital enterprise leadership with acquisition of mendix

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• Siemens to acquire mendix, a leader in low-code application development, for €0.6 billion
• Closing of transaction expected in first quarter of fiscal year 2019
• Acquisition to accelerate adoption of MindSphere by ecosystem growth and 10x faster application development
Siemens has signed an agreement today to acquire mendix, a pioneer and leader in cloud native low code application development. Under the agreement, Siemens will pay in cash €0.6 billion to acquire the company.Original Article