Siemens has acquired Toulouse, France-based Kineo CAM, a provider of computer-aided motion software.
Through the acquisition, Siemens will be able to further enhance the computer-aided motion capabilities of its software, the company says. The newly acquired company has more than 200 customers worldwide, and after closing will be assigned to the PLM Software business unit.
The purchase price was not disclosed.
"By acquiring Kineo CAM we add another advanced technology to our PLM portfolio. This technology enables our customers to make better informed decisions about their products, and to devise manufacturing, maintenance and repair strategies," said Chuck Grindstaff, CEO and president of Siemens' PLM Software business unit. "Kineo CAM provides key components that are already leveraged in our core products, NX, Teamcenter and Tecnomatix. In addition, we will be gaining a team of world-class specialists into our Open Tools team. These experts will continue to partner with Siemens' PLM product groups as well as other companies that have standardized on the technology."
Kineo CAM software products are delivered as application software to end-users and as software libraries to CAD and CAM software vendors and OEMs of advanced robotic systems. The two companies plan to continue with all the current Kineo CAM product lines.
For more information, visit Siemens PLM Software and Kineo CAM.
Sources: Press materials received from the company and additional information gleaned from the company's website.