IT gives Siemens food for thought

Siemens AG is aiming to expand its IT activities in the food and beverage industries by acquiring Compex NV.

By acquiring Compex NV, Ninove, a Belgian supplier of solutions for the planning and execution level (MES) for the batch process industry, the Industrial Solutions & Services Group (I&S) of Siemens AG is aiming to expand its activities in the food and beverage industries.

In the future, Compex will be run as a worldwide MES competence centre within the IT Plant Solutions division of I&S.

The company, with 108 employees, has branches in the Netherlands, Germany and the USA and achieved total sales of around 10 million Euro in the past fiscal year.

The company will continue to be based in Ninove and will operate under the name Compex – IT Plant Solutions.

The acquisition price was not disclosed.

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