Siemens to Acquire UGS Corp.January 29, 2007
UGS, a provider of product lifecycle management software and services, will be assigned to the Siemens Automation and Drives Group, enabling Siemens to supply software and hardware across the complete lifecycle of products.
NUREMBERG, GERMANY--ARCwire--Siemens moves to expand its industrial software portfolio through a definitive agreement to acquire UGS Corp., a worldwide leading provider of Product Lifecycle Management (PLM) software and services. The agreement was made between Siemens and the current owners Bain Capital, Silver Lake Partners, and Warburg Pincus. The purchase price amounts to US $3.5 billion, including assumption of existing debt.
The activities of UGS are to be assigned to the Siemens Automation and Drives Group (A&D). A&D reports it will be the first supplier for the manufacturing industries to provide an end-to-end software and hardware portfolio encompassing the complete lifecycle of products and production facilities. The transaction is subject to the approval by the relevant authorities.
With a global workforce of 7,300 and more than 46,000 customers in 62 countries, UGS, headquartered in Plano, Texas, U.S., is a supplier of PLM solutions to customers in the automotive, aerospace & defense, consumer goods, electronics and machinery industries around the world. UGS and Siemens A&D already started their business relationship in 2003 with joint projects addressing digital manufacturing technology.
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