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by Diane Himes, MA Editorial Staff
Posted on Monday, August 25, 2008 4:06:05 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | More than a year after absorbing discrete PLM specialist UGS, Siemens buys innotec, a maker of software for designing and managing plants in the process industries. |
| Keywords: | Siemens acquisition, Siemens process industries |
In an effort to boost its industrial software product portfolio, industrial automation and engineering conglomerate Siemens AG has announced an agreement to acquire Germany-based innotec GmbH, a provider of digital engineering software and services for the process manufacturing industries, for an undisclosed sum.
According to Siemens, the addition of innotec’s technology to Siemens’ Industry Automation business will allow the company to provide comprehensive coverage to discrete and process manufacturing sectors alike, as this latest purchase complements the 2007 acquisition of UGS, which focused on discrete sectors.
innotec, founded in 1991, makes software that helps process companies design and manage the processes and automation systems in their plants. Siemens said the innotec software would complement Siemens’ existing process engineering products, including its Simatic PCS 7 process control system. innotec’s software portfolio is built around Comos, an integrated platform for plant lifecycle asset information management that is used for process engineering, conceptual design, pipeline and function planning, automation and instrumentation/control planning, measuring and control systems, asset management/maintenance, and document and project management, the company said. The innotec website lists 25 separate modules in the Comos family.
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