|
by Stephanie Neil, MA Editorial Staff
Posted on Friday, April 06, 2007 5:12:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | The automation powerhouse makes a €35 million overture to quality assurance software provider IBS AG in a bid to further enhance Siemens' manufacturing execution systems offerings. |
| Keywords: | Siemens IBS bid, Siemens acquisition, manufacturing execution system, MES |
Siemens AG has submitted a takeover bid to the shareholders of IBS AG, a maker of industrial quality management software, in a strategic move intended to build out Siemens' manufacturing execution system business. The offer of €5.00 per share, made earlier this week, has already been accepted by the Schroeder family, who collectively hold 43% of IBS shares, according to information on IBS's Web site. While it is unclear whether the tender offer was unsolicited, the IBS board of directors and supervisory board have indicated that the planned takeover by Siemens — for about €35 million — is "essentially positive." If German antitrust authorities approve the deal, IBS will become part of Siemens' manufacturing execution systems (MES) business, which falls within the Automation and Drives Group. [Click to continue] |
|
|
|
|