The enterprise integration and IT specialist will pay Siemens €850 million to bolster its European and worldwide business in delivering cloud computing and IT services.

The maker of automation control systems and a diverse array of other products reported strong increases in fourth-quarter orders and revenue.

Momentum in manufacturing is contributing to new order growth for the automation and engineering heavyweight.

The industrial automation provider sees sales grow as the global economy improves, but says it expects a “slower pace” to the global economic recovery.

New Windows-based malware commits corporate espionage by targeting industrial automation systems through Siemens’ SIMATIC SCADA technology, experts say.

Manufacturing technology providers Siemens and Rockwell Automation reported quarterly results, showing a mixed bag for automation sales.

In an update at its Capital Market Day investor event, Siemens Industry sector’s CEO explained last year’s restructuring efforts and this year’s growth opportunities in its environmental product portfolio and the Asia Pacific market.

The automation provider sees revenue and new orders tumble, but manages to boost net income by 24% in the first quarter.

Foreshadowing additional layoffs in fiscal 2010, the engineering and automation behemoth reports sagging new orders and provides an update on the bribery scandal.

The German engineering giant also opts for SAP’s Supplier Relationship Management offering.