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. 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 continue to 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.

"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.

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