Siemens interested in pursuing deals
Siemens (OTCMKTS:SIEGY), the Muenchen, Germany-based, technology company with activities in energy, healthcare, industry and infrastructure sectors, is interested in pursuing deals, reported The Calgary Herald on 4 July.
CEO Joe Kaeser said in the report that he's willing to seek out acquisitions to take advantage of the bullish prospects in the natural gas sector in the U.S. He said that the company needs to increase its own offering as additional facilities pop up in the US shale oil and gas industry, the item said.
Kaeser added that supplying equipment for the gas and oil industry would allow Siemens to get more lengthy service contracts, the article noted.
Siemens' market cap is USD 112.41bn.
Source Calgary Herald