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Siemens Is Planning to Acquire HaCon

Munich Apr 28, 2017

Press Release of Siemens AG

  • Expansion of Siemens' offerings with industry-specific software for the mobility sector – rigorous implementation of digitalization strategy
  • HaCon to be managed as separate legal entity and wholly-owned subsidiary of Siemens AG in the Mobility Division
  • Transaction still subject to approval by antitrust authorities, with closing planned for first half of calendar 2017

The two parties have agreed not to disclose financial details. Pending the approval of antitrust authorities, the deal is expected to be concluded in the first half of calendar year 2017.

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