Siemens Acquires LMS International
November 13, 2012—Siemens expands its portfolio of industry software by acquiring LMS International NV (Leuven, Belgium), a provider of test and mechatronic simulation for complex products. “The mechatronic simulation will become more and more important for intelligent and competitive product development and production processes. With the acquisition of LMS, we are entering a leading position in this software segment as well and can significantly boost the pace and power of our clients’ innovation,” said Siegfried Russwurm, member of the Siemens AG Managing Board and CEO of the Industry Sector. The purchase price for LMS amounts to approximately 680 million euro. The transaction is subject to approval by regulatory authorities. With more than 1,200 employees and revenues of around 140 million euro for the first nine months of 2012 (January 1 to September 30), LMS is a global partner to some 5,000 companies in the automotive, aerospace, and other industries. The privately held company is supporting all of the Fortune 500 automotive and aerospace manufacturers and their tier-one-suppliers with a combination of mechatronic simulation software, testing systems and engineering services. LMS offers a complete software platform to model, simulate and test vehicles, aircraft, and other complex products optimizing their acoustics, vibrations, oscillations, fatigue strength, and dynamics. The business activities of LMS are to be integrated into the product lifecycle management (PLM) software portfolio within the Siemens Industry Automation Division. “With the acquisition of LMS, we are expanding our portfolio of industry software in an area that is critical for many customers. They will now be able to simulate, test, optimize, and produce their products in a unified, consistent data environment. This will make them faster, more efficient, more flexible and more costeffective,” explains Anton S. Huber, CEO of the Industry Automation Division.
|Siemens Industry, Inc.|