Siemens to acquire Mendix for €600 million and boost its MindSphere ecosystem

August 03, 2018 // By Julien Happich
Siemens has signed an agreement to acquire Mendix, a pioneer and leader in cloud native low code application development. Under the agreement, Siemens will pay in cash €0.6 billion to acquire the company.

While Mendix will retain its distinct brand, culture and continue serving customers across the full range of industries with its unique platform and broad ecosystem and community, Siemens will invest in Mendix's independent product roadmap, continuing its legacy as the most-innovative, open low-code cloud platform. Mendix will be part of the software business of Siemens' Digital Factory (DF) Division, with the Mendix platform also deployed across other divisions.

As enterprises invest to digitalize their operations, demand for business applications is growing significantly faster than the capacity of IT organizations to deliver them. Low code application development platforms provide features for rapid development, deployment and execution of applications in the cloud.

"We acquire Mendix to extend our leading position in digitalizing the industrial world, which is a cornerstone of our Vision 2020+", said Klaus Helmrich, member of the Managing Board of Siemens AG. "Mendix is a leader in the rapidly expanding low-code segment and their platform will help our customers to adopt MindSphere even faster by accelerating cloud-based application development for the Industrial Internet of Things (IIoT)", he added.

"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 the Digital Factory Division.


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