Siemens Limited announced the resignation of Alka Garg as Finance Head of Mobility Business, with effect from December 21, 2023. According to the company’s exchange filing, “Ms. Alka Garg has ceased to be the Finance Head of the Company’s Mobility Business, with effect from 21st December 2023.” Dr. Daniel Spindler, Executive Director and Chief Financial…
Siemens announced that it has acquired Nextflow Software, an independent provider of advanced particle-based computational fluid dynamics (CFD) solutions. Nextflow Software will become part of Siemens Digital Industries Software, where its offering will expand the Simcenter software portfolio, part of the Siemens’ Xcelerator portfolio of software and services, with rapid meshless CFD capabilities to accelerate…
Siemens Digital Industries Software announced that it has signed an agreement to acquire TimeSeries, a leading Independent Software Vendor (ISV) and Mendix partner. TimeSeries has significant expertise in the development of vertical apps built on the Mendix low-code platform, which will help Siemens accelerate digital transformation by increasing adoption of low-code and offering new apps…
Siemens, a multinational engineering and electronics company involved in the fields of industry, energy, transportation and healthcare, announced that it has signed an agreement to acquire Santa Clara, CA-based Avatar Integrated Systems Inc., a leading developer of place and route software for integrated circuit (IC) design. Avatar helps engineers optimize power, performance, and area (PPA)…
Galaxy Semiconductor, Inc. recently announced that it has signed a definitive agreement to acquire substantially all of the assets of the Quantix Business from Mentor Graphics Corporation, a Siemens-owned business. The acquisition will allow Galaxy to re-establish itself as the independent provider of test data management and analysis solutions for the semiconductor industry. The transaction…
In a step to meet the increasing demand for electrification across industry, infrastructure and buildings in India, Siemens Ltd. has signed an agreement to acquire New Delhi-based C&S Electric Limited. The acquisition of one of the leading providers of electrical and electronic equipment for infrastructure, power generation, transmission and distribution, will strengthen Siemens’ position as…
Gajendra Chandel, President and CHRO at Tata Motors Ltd, has decided to move on from Tata Motors after serving the firm for 14 long years. “Gajendra Chandel has decided to move on from his role at Tata Motors … to pursue his entrepreneurial interests,” a Tata Motors spokesperson said an email response to ET’s queries. Chandel…
Siemens AG (SIE)’s new Chief Executive Officer Joe Kaeser has plans to eliminate over 15000 jobs. The company has already been undertaking job cuts and certail realignment in its businesses following the “Siemens 2014” efficiency program, however it seems that the number of planned cuts have swelled after Joe Kaeser stepping in the CEO’s role.…