Top officials of Siemens AG, including chief executive Joe Kaeser, recently met their counterparts from L&T, led by chairman AM Naik, to discuss a potential deal, said one of the people involved in the discussions.
AUSTIN, Texas—When Siemens AG agreed last November to buy Mentor Graphics Corp. for $4.5 billion, it wasn't the first time that the German conglomerate had entertained the idea of swallowing the Portland, Ore.
Siemens AG's global tax chief said he's heartened that 25 countries have signed on to arbitration provisions in the OECD's master treaty as a first step to including those provisions—designed to allow cross-border tax disputes to be resolved more ...
MRX will operate in the Mobility Division as an independent affiliate of Siemens AG, which is based in Munich. Siemens said the deal enables it to further expand its offering in the field of predictive maintenance based on digitalization.