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Siemens acquires innotec

  • August 26, 2008
  • SIEMENS
  • Siemens
  • News

Summary

August 26, 2008 - Siemens will acquire innotec GmbH of Schwelm, Germany, an international vendor of digital engineering software and services for the process industry. This acquisition will increase the global leadership of Industry Automation, a division of the Siemens Industry Sector, in the market for industrial software, making Industry Automation the first industrial equipment provider able to offer all sectors of the manufacturing and process industries system-wide solutions for integrating the entire production sequence and production lifecycle. The purchase price of innotec was not disclosed, and the transaction is subject to the agreement of the authorities. In 2007 Industry Automation already had acquired U.S.-based UGS, an industrial software supplier primarily active in the discrete manufacturing industry.With around 200 employees, innotec is one of the leading digital engineering software vendors especially for plants in the process industry. As a result of the acquisition, innotec will become a subsidiary of Siemens AG, and for organizational purposes it will be assigned to the Industrial Automation Systems Business Unit.: "innotec is an outstanding technological supplement to our portfolio. It will make us the first vendor in the world that can offer the process industry an integrated software solution, from the planning stage of a production plant, through operation, right up to modernization,” said CEO Ralf-Michael Franke. “In the future, our customers in the process industry, like those in the discrete manufacturing industry, will be able to significantly reduce the time-to-market with coordinated Siemens technology." According to Franke, the innotec software complements Siemens' automation engineering products and services, such as its Simatic PCS 7 process control system and wide range of process instrumentation. Additionally, the sales expertise of the innotec employees, along with their long-established and close customer relationships with leading companies in the process industry, form a suitable supplement to the corresponding regional sales units of Siemens."Our customers will continue to receive outstanding service and support in addition to the latest software technology. As a part of Siemens, we will provide our customers with a strong partner and investment security," said Stephan Rohleder, COO of innotec GmbH. innotec GmbH (Schwelm, Germany) is one of the leading software vendors for lifecycle management systems. Since its inception in 1991, the company has expanded constantly and now has around 200 employees worldwide. As well as its primary location in Schwelm, innotec can also be found elsewhere in Germany in Bonn and Hanau, as well as in Brazil, Denmark, Austria, South Africa, Switzerland, and the U.S. At the heart of innotec's services is the lifecycle engineering system Comos, an integrated corporate solution for plant lifecycle asset information management. This meets all the requirements of modern engineering: Process engineering, conceptual design, pipeline and function planning, automation and I&C planning, measuring and control systems, asset management/maintenance, as well as document and project management.The Siemens Industry Sector (Erlangen) is the world's leading supplier of production, transport and building systems. Integrated hardware and software technologies combined with industry-specific solutions enable Siemens to enhance the productivity and efficiency of its customers in industry and infrastructure. The Sector comprises six Divisions: Building Technologies, Industry Automation, Industry Solutions, Mobility, Drive Technologies and Osram. In fiscal 2007 Siemens Industry generated sales of around EUR 40 billion (unconsolidated) with approximately 209,000 employees worldwide. The Siemens Industry Automation Division (Nuremberg) is worldwide leading in the fields of automation systems, low-voltage switchgear and industrial software. Its portfolio ranges from standard products for the manufacturing and process industry to solutions for whole industries and systems that encompass the automation of entire automobile production facilities and chemical plants. As a leading software supplier, Industry Automation optimizes the entire value added chain of manufacturers – from product design and development to production, sales, and a wide range of maintenance services. Learn More

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