IFLR1000

Siemens $628 million acquisition of Mendix

8/8/2018
Private acquisition
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€ 628 million

$ 728 million

Announced

8/8/2018

Overview:

  • Mendix is a Dutch software company with 400 employees.
  • The company will be part of the Digital Factory division of Siemens and will maintain its brand name.
  • The acquisition aims to help the development of Siemens' industrial internet of things platform(IIoT) MindSphere.

Mihail Georgiev - Data analyst

 

Jurisdiction:

Netherlands

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Netherlands

Industry sector:

Technology and telecommunications

Firms:
De Brauw Blackstone Westbroek

Party: Siemens AG Na (Acquirer)

Lawyer: Paul Cronheim (retired)

Houthoff

Party: Mendix Inc (Target)

Lawyer: Michiel Pannekoek

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