Siemens Is Making Deals

Date: Thursday, July 26, 2007
Author: Trader Daily

Just yesterday, Siemens managed to execute 18 billion euros worth of deals - some on the buy side, some on the sell side. Respectively, Siemens bought Dade Behring, a US medical equipment supplier. They also sold VDO, it's division which makes car parts. VDO was sold to the German company, Continental. Peter Löscher, CEO of Siemens' engineering group, said "Siemens needs to get faster, less complex and more focused." 18 billion euros worth of deals in one day? Yeah, that's pretty fast.