Siemens is one of the popular technology companies focusing on the arena of industry, infrastructure, communication and even health. Recently, Siemens announced that they have taken over one of the local companies, namely Radica Software.
Through the partnership of Siemens, they have completed taking over on July 1, 2022. However, the value and terms of the transaction are not shared publicly.
Radica Software is one of the technology companies based in Ipoh, Perak, Malaysia. Radica Software focuses on offering services focusing on electrical CAD.
With the takeover by Siemens, now Siemens also offers a new service called Capital Electra X. This offer based on Radica Software technology will focus on offering electrical design based on the cloud - at the same time focusing on individual designers or small teams looking for solutions.
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BUSINESS & MONEY