NEWS

Siemens to acquire Perfect Costing Solutions GmbH, specialist in product cost management software

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With its takeover of Perfect Costing Solutions GmbH based in Goeppingen, Germany, the Siemens Industry Automation Division will extend its leading position in the field of product lifecycle management software. The relevant agreement was signed yesterday. For more than ten years, Perfect Costing Solutions GmbH has been developing and distributing product cost management and estimation software solutions focusing on the discrete manufacturing industry in general and automotive industries in particular. The newly acquired company will be assigned to the PLM Software Business Unit. Information on the price will not be disclosed.

Perfect Costing Solutions GmbH is a provider of product cost management solutions, headquartered in Goeppingen, Germany. Their some 50 world-wide employees are focused on providing solutions for product cost calculation, methods and estimation tools. Several international corporations and medium-sized businesses have licensed their software Perfect ProCalc in order to improve the effectiveness and efficiency of their business processes in calculating, controlling and optimizing their product costs.

"By acquiring Perfect Costing Solutions GmbH we are adding a key ingredient to our PLM portfolio to help our customers make more informed decisions about their products beginning in the early stages of design and extending across the lifecycle. This acquisition demonstrates how we are continuing to execute our strategy of building our leading position in Industry software supporting the discrete manufacturing and automotive industry in their fierce competitive landscapes. We will be gaining a team of specialists which already enjoys an excellent reputation as a sound, dependable partner and preferred supplier of product cost management solutions", says Chuck Grindstaff, CEO of Siemens' PLM Software Business Unit.

"Our products support our customers within the supply chain, for example with purchase price analysis as well as in their own value added process with quotation costing and calculations during the development phase. The management decision making is enhanced through transparent and fact based consistent data capture, project history as well as key economic data. This customer benefit will considerably grow within the PLM environment of Siemens", says Andreas Tsetinis, CEO of Perfect Costing Solutions GmbH & Co. KG.

Recent years have seen the Siemens Industry Automation Division extend its leading position in the industrial software market with the acquisition of UGS in the United States (2007), innotec in Germany (2008), Elan Software Systems in France (2009), the Brazilian company Active Tecnologia em Sistemas de Automação and Vistagy in the US (2011) as well as the German IBS AG in 2012, all of them leading industrial software suppliers in their respective fields.

Link www: www.plm.automation.siemens.com