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