Siemens to buy US engineering software firm CD-adapco in $1b deal

Siemens to buy US engineering software firm CD-adapco in $1b deal

A Siemens logo is pictured on an office building of Siemens in Munich | REUTERS/Lukas Barth

Siemens AG, Europe’s biggest industrial group, has agreed to buy CD-adapco, a privately held U.S. engineering software firm, for close to $1 billion in cash, according to a person familiar with the matter.

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