Siemens announced that it is going to acquire mechatronic simulation provider LMS International, based in Belgium.
"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, LMS is a global partner to more than 5,000 companies in the automotive, aerospace, and other industries. LMS offers a complete software platform to model, simulate and test vehicles, aircraft, and other complex products to optimize 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.
"This acquisition is the best possible strategic option to maximize our future growth and continue the long-term success for LMS in a consolidating industry," said Urbain Vandeurzen, chairman and CEO of LMS. "Since LMS' foundation in 1980, we have reported over 30 years of continued profit and revenue growth. Our customers can continue to count on our portfolio of solutions and now also on a strong partner that offers complementary technical software, deep industry expertise and long-term stability."
For more information, visit Siemens PLM Software and LMS International.
Sources: Press materials received from the company and additional information gleaned from the company's website.