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Siemens Acquires Berwanger

  • January 03, 2006
  • SIEMENS
  • Siemens
  • News

Summary

Agreement to Purchase Berwanger Will Enhance Siemens' Solution Offering In Oil, Gas and Petrochemical IndustriesATLANTA, Jan. 3, 2006 – Siemens Energy and Automation, Inc., today announced it has completed the acquisition of Berwanger, Incorporated, headquartered in Houston, Tex. Effective immediately, the company will be named Berwanger Incorporated, A Siemens Company. Terms of the acquisition will not be disclosed.Berwanger will be part of the oil and gas business of the Siemens Industrial Solutions and Services Group (I&S), a global leader in process automation and systems integration. With this purchase, Siemens has made a commitment to strengthen its position in the oil, gas, and petrochemical industries. Berwanger is a leader in front-end engineering, plant services and software for this key market and is expected to enhance Siemens' position. Berwanger´s expertise will complement Siemens´ know-how in the area of drive configurations, power generation and distribution solutions, and water treatment solutions. The company will continue to operate from its Houston location which will become the global center of competence for oil, gas and petrochemical applications. Berwanger employs approximately 185 people who will be integrated into the Siemens business structure. "The acquisition of Berwanger will allow Siemens to expand its international reach in the oil, gas and petrochemical industries," said Aubert Martin, president and CEO, Siemens Energy & Automation, Inc. "Ever-increasing demand for fossil fuels and the impact of recent natural disasters makes process and production efficiency even more critical for oil and gas producers. Berwanger is renowned for its world-class engineering and software development to the oil & gas industries. A combined portfolio of Siemens and Berwanger products, services, and solutions represents a unique and complementary offering to our customers."“The combined portfolio of Siemens and Berwanger services and solutions supports an aggressive growth strategy and further penetration into both existing and new markets,” said P. C. (Pat) Berwanger, President and CEO, Berwanger, Incorporated. “In addition, I’m confident Siemens will provide Berwanger with the level of investment required in people, technology and operations to strengthen their global market position.”Established in 1993, Berwanger is an engineering and software development firm serving the oil, gas and petrochemical industry worldwide. They are widely known for their process and mechanical engineering and for software solutions including “Oil and Gas Manager” (OGM), used for upstream concept selection and field development planning, “Pressure Protection Manager” (PPM) for pressure relief system design and analysis, and “UltraPIPE”, an inspection data management system (IDMS).Siemens will support Berwanger’s development of enabling technologies to reinforce the company’s existing plant services business lines, and also expand Berwanger’s profile internationally in FEED for Upstream projects. About Berwanger Incorporated Headquartered in Houston, Texas, Berwanger Incorporated is an engineering and software development firm serving the oil, gas and petrochemical industry worldwide. The company’s current lines of service are principally focused on streamlining engineering workflows, and include: front-end engineering design (FEED); concept selection design and cost estimation; process safety management (PSM); engineering information management (EIM); pressure relief system design, analysis and management; mechanical integrity (MI) management; and software development. Berwanger operates in North America, South America, Europe, Africa, Middle East, Asia, and Australia. www.berwanger.comAbout SiemensSiemens Energy and Automation Inc. is one of Siemens’ operating companies in the U.S. Headquartered in the Atlanta suburb of Alpharetta, Ga., Siemens Energy and Automation manufactures and markets one of the world’s broadest ranges of electrical and electronic products, systems and services to industrial and construction market customers. Its technologies range from circuit protection and energy management systems to process control, industrial software and totally integrated automation solutions. The company also has expertise in systems integration, technical services and turnkey industrial systems. For more information: www.sea.siemens.com. The Siemens Industrial Solutions and Services Group (I&S) is the integrator of systems and solutions for industrial and infrastructure facilities and global service provider for the plant and projects business covering planning, installation, operation and the entire life cycle. I&S uses the electrical and technical products of other Siemens Groups in order to enhance productivity and improve competitiveness of companies in the sectors of metallurgy, water treatment, pulp and paper, oil and gas, marine engineering, open-cast mining, intelligent traffic systems and industrial services. In fiscal 2004 (to September 30) I&S employed a total of 30,000 people worldwide and achieved total sales of EUR 4.290 billion. For more information: www.industry.siemens.com

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