Siemens Venture Capital et al. exit LET Systems
Siemens Venture Capital, Tempovest Capital, Enterprise Ireland, Bank of Scotland and TVC Holdings have exited their investment in software company LET Systems via a trade sale to US-based Trimble.
Financial terms were not disclosed.
Cork-based LET Systems provides incident and outage management system solutions for utlities. The acquisition is part of Trimble's strategic utilities and smart grid initiative to bring productivity solutions to the global utilities industry.
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