From Russia with CAD
Visit our sister sites:

isicad.ru

ledas.com

 
News

All news     
25 Jan 2007

Siemens A&D acquires software producer UGS for US$3.5 billion IPO for Siemens VDO Automotive planned

With its acquisition of U.S. software producer UGS Corp., of Plano, Texas, the Siemens Automation and Drives (A&D) Group will expand its product spectrum in automation technology to include industrial software for planning, design and simulation in Product Lifecycle Management (PLM). As a trendsetter in industrial automation, A&D will now be able to offer its customers worldwide solutions for creating digital factories. The purchase price for the deal is around US$3.5 billion including debt. The transaction is subject to approval by the relevant authorities.
In addition, Siemens AG plans an IPO of its automotive supply business Siemens VDO Automotive (SV), in which Siemens would hold a majority stake. This move would give SV the necessary financial resources and greater entrepreneurial flexibility for ensuring further sustainable and profitable growth.



Permanent link :: http://isicad.net/news.php?news=10705


CAD localization Russia
24th of January, 2018

News

All news


Articles

All articles

© 2004-2018 LEDAS Ltd. All rights reserved.