Siemens acquires Industrial Control Technology

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Germany: Siemens has agreed to acquire the shares of Industrial Control Technology (IST), a company that produces industrial control technology. It will become part of Siemens’ Digital Industries division in April 2020. IST’s headquarters in Chemnitz is planned to become a centre of excellence for motion control in industrial machinery. No value for the transaction has been disclosed.

Last modified on 10 July 2019


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