# Siemens acquires Mendix: acquisition

Canonical ID: `b0f53ef8-0da9-4729-862c-1bb71f10224d`

Siemens acquired Mendix for ~$730 million (announced Aug 2018; closed Oct 2018), a leading low-code application-development platform, strengthening Siemens' digital-enterprise software. (month-precision dates)

- **Structure:** full acquisition
- **Status:** completed
- **Valuation:** $730.0M (reported, approximate)
- **Verification posture:** verified

## Parties

- **Acquirer:** [Siemens](https://registry.deploy.report/companies/siemens.md)
- **Acquired:** [Mendix](https://registry.deploy.report/companies/mendix.md)

## Timeline

- **Announced:** 2018-08-01
- **Closed:** 2018-10-01

## Sources (1)

1. https://press.siemens.com/global/en/pressrelease/siemens-strengthens-its-digital-enterprise-leadership-acquisition-mendix


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