Siemens CEO says period of "aggressive" M&A is over

FRANKFURT (Reuters) - Siemens Chief Executive Joe Kaeser promised on Tuesday that the German engineering group would focus more on steady internal growth and higher-margin services than on attention-grabbing M&A deals. "I will consider growth to be mostly organic rather than acquired," Kaeser said at Siemens's Capital Markets Day, setting out details of his strategy. "We will not spend our money too aggressively in M&A. ...