Siemens' Information and Communication Networks Group (ICN) made a cash offer of EUR 5.50 per share to acquire Cycos AG, a software company specializing in Unified Messaging solutions. The value of the offer will total some EUR42 million. Cycos' software makes possible the reception, output and administration of various types of electronic messages (e.g. voice mail, e-mail, fax and SMS) on different devices. Siemens and Cycos have been cooperating on such solutions for several years. For fiscal 2002, Cycos expects to report sales of EUR15 million. The company has 140 employees at locations in Alsdorf and Stuttgart, Germany, and in Paris, France.
http://www.siemens.com
http://www.cycos.de
Monday, March 31, 2003
Siemens Bids to acquire Cycos for Unified Messaging Software
Monday, March 31, 2003
Financial
