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Siemens to buy NC-based Brightly Software for about $1.9 billion

·1 min read
Siemens to buy NC-based Brightly Software for about $1.9 billion
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The U.S.-listed shares of Siemens AG rose 0.7% in midday trading Monday, after Clearlate Capital Group L.P. announced an agreement to sell North Carolina-based Brightly Software Inc. to the Germany-based diversified technology company for $1.88 billion. The terms of the deal, which is expected to close in the second half of 2022, includes $1.58 billion in cash upfront and $300 million in cash earn-out payments. Brightly is a provider of asset management software that Clearlake acquired in June 2