# Siemens to acquire RuggedCom for C$382 million

Siemens announced it is finalizing the acquisition of RuggedCom Inc. for C$382 million (C$33.00 per share), a Canadian supplier of industrial data communications networks. The deal is expected to close in the second half of March 2012.

- Type: Acquisition
- Announced: 2020-05-19
- Where: Canada
- Value: $283.0M (382.0M CAD)
- Status: announced
- Products: industrial Ethernet communication products, routers, switches
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (acquirer)
- [RuggedCom](https://endata.com/companies/47369.md) (target)

## Sources

- [businesschief.com](https://businesschief.com/corporate-finance/siemens-buys-canadian-network-supplier-ruggedcom-inc-1), 2020-05-19: "RuggedCom's portfolio would be an ideal addition to our range of industrial Ethernet communication products, improving our industrial-quality router and switch offering."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.