M&A Deal Summary

Siemens Acquires Mendix

On August 1, 2018, Siemens acquired internet software and services company Mendix from Prime Ventures for 730M USD

Acquisition Highlights
  • This is Siemens’ 2nd transaction in the Internet Software and Services sector.
  • This is Siemens’ 9th largest (disclosed) transaction.
  • This is Siemens’ 17th transaction in the United States.
  • This is Siemens’ 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2018-08-01
Target Mendix
Sector Internet Software and Services
Buyer(s) Siemens
Sellers(s) Prime Ventures
Deal Type Add-on Acquisition
Deal Value 730M USD

Target

Mendix

Boston, Massachusetts, United States
website
Mendix, Inc. is the fastest and easiest platform to build and continuously improve mobile and web applications at scale. The only low-code platform available through SAP and IBM, we help our customers digitize their operations by building, managing, and improving apps at unprecedented speed and scale. More than 4,000 forward-thinking enterprises, including KLM, Philips and Royal DSM use our platform to build business applications to delight their customers and improve operational efficiency.

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Buyer(S) 1

Buyer

Siemens

Munich, Germany

website


Category Company
Founded 1847
Sector Diversified
Employees299,000
Revenue 57.1B EUR (2020)
DESCRIPTION
Siemens office building in St. Louis, Missouri.
Siemens office building in St. Louis, Missouri.

Siemens is a global engineering and electronics conglomerate company headquartered in Munich. Siemens serves a variety of customers and is organized in in four main divisions: Industry, Energy, Healthcare, and Infrastructure & Cities. Siemens was founded in 1847 and is based in Munich, Germany.


DEAL STATS #
Overall 36 of 49
Sector (Internet Software and Services) 2 of 3
Type (Add-on Acquisition) 31 of 43
State (Massachusetts) 2 of 3
Country (United States) 17 of 23
Year (2018) 2 of 3
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-22 Austemper Design Systems

Austin, Texas, United States

Austemper Design Systems, Inc. is a software company that offers analysis, auto-correction and simulation technology. Austemper Design Systems is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 COMSA

Munich, Germany

COMSA GmbH is a developer of software for electrical systems design and wire harness engineering. COMSA GmbH was founded in 1985 and is based in Munich, Germany.

Buy -

Seller(S) 1

SELLER

Prime Ventures

Amsterdam, Netherlands

Investor Investor Investor Investor Investor

website


Category Venture Capital Firm
Founded 1999
PE ASSETS 750M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prime Ventures is a venture capital and growth equity firm focusing on investing in European companies in the technology and related industries. Prime is based in Amsterdam with an additional office in Cambridge.


DEAL STATS #
Overall 15 of 19
Sector (Internet Software and Services) 7 of 9
Type (Add-on Acquisition) 12 of 15
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 AIMotive

Budapest, Hungary

AIMotive is a provider of Artificial Intelligence (AI) powered self-driving technology. AIMotive designing AI software, which powers self-driving vehicles, resulting in better safety, improved comfort and increased productivity. AIMotive was founded in 2015 and is based in Budapest, Hungary.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-21 Greetz B.V

Amsterdam, Netherlands

Greetz B.V is an on-line service for personalized, printed and posted greeting cards. Greetz helps you to be considerate and involved whenever you would like to do something special for each other. Greetz was founded in 2001 and is based in Amsterdam, Netherlands.

Sell -