is to acquire US Product Lifecycle Management (PLM) software producerUGS
, with the aim of expanding Siemens Automation and Drives (A&D) Group’s industrial software range.
The purchase price for the deal is around $3.5bn including debt, with the transaction subject to approval by the relevant authorities.
UGS is one of the world’s market leaders for PLM, software that allows the digital control of industrial product development and manufacture.
Siemens said combining UGS’ PLM solutions with Siemens’ automation technology would enable Siemens to provide integrated offerings covering the entire product life-cycle for the first time.
Siemens also plans an IPO of its automotive supply business Siemens VDO Automotive (SV), in which Siemens would hold a majority stake.