Siemens completes UGS acquisition

It’s closure of the agreement the companies announced on January 25 and approved by the European Commission on April 27 – and Siemens has installed some of its key people in the new organisation, who are relocating to UGS PLM Software’s headquarters in Plano, Texas. Tilo Brandis, president, who served as chief integration officer of the integration of UGS PLM Software into Siemens A&D, comes to UGS PLM Software from Siemens’ Electronics Assembly Systems division. Peter Bichara, executive vice president and chief financial officer, most recently served as vice president of mergers and acquisitions for Siemens A&D including directing A&D’s acquisition, divesture and strategic project programs. Says Tony Affuso, chairman and CEO of UGS PLM Software: “This is a great day for UGS PLM Software, on the heels of an outstanding first quarter. While we are still finalising our numbers, we had a very strong quarter in Q1, coming in near 11% on total revenue growth and 16% on software license growth. “Now, the acquisition enables the company to leverage a powerful and respected global organisation, like Siemens, in strengthening our technology leadership in PLM.” And he adds: “Customers across the manufacturing and process industries will now be able to benefit from the integration of the physical world, through Siemens’ automation design and production technology, and the virtual world, through UGS PLM Software’s factory design, product design and digital collaboration software.”