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Software firm Dassault Systemes cuts 2024 forecast again on auto sector slowdown

UPDATE 2-Software firm Dassault Systemes cuts 2024 forecast again on auto sector slowdown Adds share move in paragraph 4, analyst comments in paragraphs 10-12 By Anna Peverieri Oct 24 (Reuters) - French software company Dassault Systemes DAST.PA cut its 2024 revenue growth forecast for the second time in four months on Thursday, citing the slowdown in the global automotive industry.
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Altair jumps after report says Siemens in talks to buy engineering software firm

BUZZ-Altair jumps after report says Siemens in talks to buy engineering software firm ** Shares of engineering software maker Altair Engineering ALTR.O rise 3.6% to $106.70 ** Siemens AG SIEGn.DE is in talks about a potential deal to acquire ALTR, Bloomberg News reports , citing people familiar with the matter ** ALTR is exploring a sale, Reuters s
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Siemens In Talks To Buy Software Group Altair - Bloomberg News

BRIEF-Siemens In Talks To Buy Software Group Altair - Bloomberg News Oct 23 (Reuters) - Altair Engineering Inc ALTR.O : SIEMENS IN TALKS TO BUY SOFTWARE GROUP ALTAIR - BLOOMBERG NEWS Source text: https://tinyurl.com/yckfuwme Further company coverage: ALTR.O
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Siemens And Servicenow Announce New Collaboration

BRIEF-Siemens And Servicenow Announce New Collaboration Oct 23 (Reuters) - Siemens AG SIEGn.DE : SIEMENS AG - SIEMENS AND SERVICENOW STRENGTHEN SHOPFLOOR SECURITY AND DRIVE GENERATIVE AI-POWERED AUTOMATION FOR SHOPFLOOR OPERATIONS Further company coverage: [SIEGn.DE] (Gdansk Newsroom)
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Siemens To Optimize Unibuss' Electric Fleet With Depot360, Driving Efficiency And Cutting Costs

BRIEF-Siemens To Optimize Unibuss' Electric Fleet With Depot360, Driving Efficiency And Cutting Costs Oct 21 (Reuters) - SIEMENS AG SIEGn.DE : SIEMENS TO OPTIMIZE UNIBUSS' ELECTRIC FLEET WITH DEPOT360, DRIVING EFFICIENCY AND CUTTING COSTS CONTRACT MARKS THE FIRST DEPOT360 CUSTOMER IN NORWAY ENABLES DATA-DRIVEN DECISIONS TO LOWER ENERGY COSTS, REDUC
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Siemens Mobility Receives Order For Up To 50 Locomotives

BRIEF-Siemens Mobility Receives Order For Up To 50 Locomotives Oct 18 (Reuters) - SIEMENS AG SIEGn.DE : GREEN MOBILITY PARTNERS HAS PLACED AN ORDER FOR UP TO 50 LOCOMOTIVES THE CONTRACT INCLUDES THE AGREED PURCHASE OF EIGHT VECTRON MS LOCOMOTIVES AS WELL AS SUPPORT IN THE SERVICE AREA Further company coverage: [SIEGn.DE] (Gdansk Newsroom)
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Billing software firm Zuora to go private in $1.7 bln deal with Silver Lake, GIC

UPDATE 2-Billing software firm Zuora to go private in $1.7 bln deal with Silver Lake, GIC Updates shares in paragraph 1, adds details in paragraphs 4-8 Oct 17 (Reuters) - Billing software firm Zuora ZUO.N said on Thursday it has agreed to be acquired by buyout firm Silver Lake and Singaporean wealth fund GIC in a deal valued at $1.7 billion, sending its shares up n early 6% in early trading.
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ABB's new CEO says company has work to do after mixed Q3 numbers

UPDATE 3-ABB's new CEO says company has work to do after mixed Q3 numbers Company raises full year profit guidance, lowers sales outlook New CEO says company increasing R&D spending Q3 operating profit beats forecasts, sales miss expectations Adds share price reaction, analyst By John Revill ZURICH, Oct 17 (Reuters) - Swiss engineering group ABB ABBN.S needs to improve its performance, new Chief Executive Morten Wierod said on Thursday, after the company reported mixed third-quarter results.
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ABB's new CEO says company has work to do after mixed Q3 numbers

ABB new CEO puts deals and R&D spending at heart of growth strategy CEO targets higher top line growth More M&A, capex will be part of strategy CFO says ABB has at least $1 billion for acquisitions R&D spending will also increase . By John Revill ZURICH, Oct 17 (Reuters) - ABB's ABBN.S new Chief Executive Morten Wierod wants to speed up sales growth at the Swiss engineering company, he said on Thursday, ramping up spending on deals as well as research and development.
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EU champions’ hope will slam into hard M&A reality

BREAKINGVIEWS-EU champions’ hope will slam into hard M&A reality The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 16 (Reuters Breakingviews) - Brussels wants European companies to join together and compete with U.S. and Chinese rivals. In many cases, however, national politicians and investors may have different ideas.
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Union slams wage offer for key German industries with threat of strikes

UPDATE 2-Union slams wage offer for key German industries with threat of strikes Employers propose 3.6% rise vs union demand of 7% Siemens, BMW, Mercedes involved in talks Strikes possible from Oct. 29 Updates throughout with formal offer, background, quotes from union and employers' side By Ilona Wissenbach and Alexander Hübner NUREMBERG, Germany, Oct 15 (Reuters) - G ermany's largest industrial union slammed a proposed pay rise for almost 4 million workers in key sectors on Tuesday as too lit
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Employers offer staggered pay rise to workers in German industry, say sources

Employers offer staggered pay rise to workers in German industry, say sources NUREMBERG, Germany, Oct 15 (Reuters) - Employers have offered a staggered pay rise of 1.7% and 1.9% over a period of 27 months to workers in Germany's auto, electrical and metal industries, sources said on Tuesday, falling short of the demand made by the union. The offer, which foresees the first increase on July 1, 2025 and the second a year thereafter, was made by employers in northern Germany, the first negotiating
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Siemens looks to digital platform to tackle automation downturn

Siemens looks to digital platform to tackle automation downturn By Jörn Poltz MUNICH, Oct 10 (Reuters) - Siemens SIEGn.DE is looking to its online digital platform Xcelerator to support future growth, including at its factory automation business which has been hit by weakening demand in China and Europe, managing board member Peter Koerte said. The German engineering group last month warned its full-year sales growth would be slower than expected, with revenues at its flagship digital industrie
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Russia launches own high-capacity gas turbine, replacing foreign technology

Russia launches own high-capacity gas turbine, replacing foreign technology MOSCOW, Oct 10 (Reuters) - Russia has launched a power unit based on its first domestically produced high-capacity gas turbine, as it develops its own alternatives to Western technology it can no longer import. The new unit at the Udarnaya power station in southern Russia was inaugurated via video link on Wednesday evening by President Vladimir Putin, in a ceremony shown on state TV.
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Siemens files lawsuit in Texas against Citgo Petroleum parent

Siemens files lawsuit in Texas against Citgo Petroleum parent By Marianna Parraga HOUSTON, Oct 9 (Reuters) - Siemens Energy Inc ENR1n.DE has filed a lawsuit in a Texas court against Citgo Petroleum's parent, PDV Holding, seeking to recoup about $200 million from a promissory note defaulted by Venezuela, according to a court document seen on Wednesday.
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British Business - Oct 3

PRESS DIGEST-British Business - Oct 3 Oct 3 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Starling Bank has been fined 29 million pounds ($38.4 million) by the City regulator for "shockingly lax" controls that left the financial system "wide open to criminals and those subject to sanctions".
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Siemens Closes Sale Of Innomotics To KPS Capital Partners

BRIEF-Siemens Closes Sale Of Innomotics To KPS Capital Partners Oct 1 (Reuters) - Siemens AG SIEGn.DE : CLOSES SALE OF INNOMOTICS TO KPS CAPITAL PARTNERS ENTERPRISE VALUE EUR 3.5 BILLION Further company coverage: [SIEGn.DE] (Gdansk Newsroom)
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Siemens Mobility And Beacon Sign Contract For Purchase Of Vectron Locomotives

BRIEF-Siemens Mobility And Beacon Sign Contract For Purchase Of Vectron Locomotives Sept 30 (Reuters) - Siemens AG SIEGn.DE : SIEMENS AG - SIEMENS MOBILITY AND BEACON SIGN MAJOR FRAMEWORK CONTRACT FOR PURCHASE OF VECTRON LOCOMOTIVES SIEMENS AG - INITIAL ORDER FOR 25 VECTRON MS UNITS FOR CONTINENTAL EUROPE Source text for Eikon: [ID:] Further compan
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Siemens CFO expects full-year sales growth below forecasts

UPDATE 1-Siemens CFO expects full-year sales growth below forecasts Adds further executive comment from paragraph 6, background ZURICH, Sept 27 (Reuters) - Siemens SIEGn.DE will post lower-than-expected full-year sales growth, its Chief Financial Officer Ralf Thomas said in an interview published on Friday, although profits will not be harmed and its dividend could rise.
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Siemens sales growth likely to be below guidance, CFO tells paper

Siemens sales growth likely to be below guidance, CFO tells paper ZURICH, Sept 27 (Reuters) - Siemens SIEGn.DE will post weaker-than-expected full year sales growth, Chief Financial Office Ralf Thomas said in an interview published on Friday, although profits will not be harmed and the dividend could rise. "In terms of sales growth, the trend is not towards 4%, but towards 3%," Thomas told German newspaper Boersen-Zeitung.
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