NewsSiemens Buys Mendix for $700 Million

Siemens Buys Mendix for $700 Million

German technology giant Siemens has announced that it has acquired low-code platform vendor Mendix for €0.6 billion, or about $700 million. Siemens plans to integrate some of Mendix’s technology into its cloud computing, Internet of Things and digital enterprise projects, but Mendix will continue to operate as usual under its current name from its headquarters in Boston.

“As part of our digitalization strategy, Siemens continues to invest in software offerings for the Digital Enterprise. With the acquisition of Mendix, Siemens continues to add to its comprehensive Digital Enterprise and MindSphere IoT portfolio, with cloud domain expertise, cloud agnostic platform solutions and highly skilled people,” said Jan Mrosik, CEO of Siemens’ Digital Factory Division.

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