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26/01/2007
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Siemens CEO Klaus Kleinfeld says his company's acquisition of UGS gives it an 'end to end' portfolio in software and hardware
Siemens is to move further into industrial software by acquiring UGS, the US supplier of 3D CAD and PLM.
Siemens will pay $3.5billion to buy UGS from its current owners – Bain Capital, Silver Lake Partners and Warburg Pincus. UGS will now become part of the German company’s Automation and Drives group.
UGS products encompass product data management (PDM) and a wide range of CAD-related products. It posted sales of nearly $1.2bn in 2005.
Siemens now claims it is the first automation company that can supply an ‘end to end’ software and hardware portfolio.
“With the acquisition of UGS, we combine its competence in digital factories with our know-how in industrial automation,” said Klaus Kleinfeld, president and CEO of Siemens.
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Author
Lou Reade
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