Siemens wants partners not acquisitions
Published: 09 Feb 1999 13:58 GMT
In a clear reference to recent Internet aquistions, senior board executive Volker Jung said "Purchasing a twenty billion dollar corporation with one billion dollar revenues and millions of dollars of debt makes no sense...If I did that at Siemens I would not be at Siemens for long".
Siemens' preferred route is strategic partnerships with industry parners. Business units that cannot achieve leadership by themselves will look for partners to strengthen their offering to customers, and if that doesn't work, then Siemens will look to sell them. Jung was speaking to a pre-CeBit briefing in Berlin today.
Did you find this article useful?
30 out of 55 people found this useful
Digg
Slashdot
Del.ici.ous
Stumble
Reddit
