Deal announced May 2018 Verified
Siemens invests in J2 Innovations
Siemens announced an investment in J2 Innovations, a move described as a 'stake' that supports the future of Haystack tagging and building automation. The podcast hosts view this as a positive development for the industry.
“Siemens invests in J2 Innovations' future. And this was, you know, it really wasn't a great surprise. It was a pleasant surprise because, you know, we all rooted for J2. They came from, my gosh, they started from humble origins, hard work, they invested carefully, they worked hard, established some great international links with Romania had a brain trust that just kept delivering you know they made Finstack work and they were training groups of people that the trainer one trainer of the year Gerard and and then now boom you've got Siemens one of the largest most recognized brands in the world that you know and put a stake in a very positive direction for future I mean this is nothing but good because as We talked about, you know, the Haystack tagging is going to be the future in our world and we've seen it close down like Ken St. Clair in seven years. We've seen the world change from what is it to let's get it in. Why don't we have it yet? And so we're going to see that really emerge. And so congratulations.”
Entities
Siemens · Acquirer J2 Innovations · Target
Other Sentiment: Positive
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