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by Stephanie Neil, MA Editorial Staff Posted on Thursday, January 25, 2007 7:10:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | In a move that breathes new life into the "digital factory" concept, automation giant looks to add product development tools to its manufacturing execution and manufacturing intelligence offerings. |
| Keywords: | Siemens AG, UGS Corp., digital factory, PLM, automation, acquisition, MES, product design, engineering, simulation |
Automation systems powerhouse Siemens AG today announced that it would acquire product lifecycle management (PLM) vendor UGS Corp., a definitive step toward making Siemens a one-stop source for companies looking to capitalize on the "digital factory" concept. The news of the $3.5 billion deal caught many by surprise, as it was the first major move by an automation company to add PLM technology to its stable. The consensus among analysts today was that the UGS purchase will be a feather in Siemens' strategic cap — if the German-based company can conform to a new set of rules around integration, culture, and co-opetition. The deal, which is subject to regulatory approval, will fold UGS of Plano, TX, under the Siemens Automation and Drives umbrella. [Click to continue] |
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