Siemens AG (SIEGY)

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Investors interested in Industrial Services stocks are likely familiar with Siemens AG (SIEGY) and W.W. Grainger (GWW).

Siemens is poised to benefit from growing demand for industrial technology and electrification, leveraging AI and recent acquisitions to enhance their offerings. Siemens' strategic acquisitions, inclu...

Shares in German industrial giant Siemens (SIEGY -6.48%) were down by more than 6% in trading as of 3 p.m. ET Thursday due to the tariffs imposed on foreign countries by the Trump administration.

Germany group Siemens said on Wednesday it is buying Dotmatics, a US software company, for $5.1 billion to leverage its use of artificial intelligence to make drug discoveries.

The deal extends Siemens's artificial-intelligence-powered product-lifecycle-management portfolio and increases the company's total addressable market in industrial software by $11 billion.

Siemens AG said on Wednesday it will acquire U.S.-based Dotmatics for $5.1 billion from Insight Partners.

Siemens is seeing some hesitancy among customers in the United States due to political uncertainties, Chief Financial Officer Ralf Thomas said on Wednesday, although he does not expect the situation t...