Siemens and LMS join forces

Siemens to acquire the leading provider of Test and Mechatronic simulation for 680 M euro.
LMS becomes the Business Segment for Test and Simulation within Siemens PLM.

LMS is the leading partner in Test and Mechatronic Simulation in the automotive, aerospace and other advanced manufacturing industries. The transaction which is subject to approval by regulatory authorities is based on an LMS enterprise value accounting to 680 million euro. LMS is the global partner for more than 5000 industry leading companies. LMS is the only provider in the world that offers complete platforms for physical Testing and Mechatronic Simulation, including model-based systems engineering.

Dr. ir Urbain Vandeurzen, Chairman and CEO of LMS: This acquisition is the best possible strategic option to continue the long-term success for LMS’ staff and customers in a consolidating industry. To maximize our future growth, we have decided to join Siemens PLM, the winning PLM provider that has the vision, ambition, market position and resources, to become the number 1 world leader in the technical industry software business. Since LMS’s foundation in 1980, we have reported over 30 years of continued profit and revenue growth. With more than 1200 employees, in 40 countries, we have reported for the first nine months of 2012 a record growth around 142 M euros and an historical record profit. LMS will become the Test and Simulation Business Segment within Siemens PLM and will further expand its leading position in the automotive, aerospace and other advanced industries through the integration of the Siemens PLM CAE. Our headquarters in Leuven remains the center for Test and Simulation. Siemens PLM will leverage the strong LMS brand name which will be continued as it appeals to customers because of the LMS’ engineering excellence.”

“The mechatronic simulation of complex products 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.

“By acquiring LMS we continue to deliver on our goal of providing the full breadth of product development solutions, from the virtual to the physical. This will enhance our core competencies by adding model-based simulation, design, test and measurement capabilities to both the virtual design and physical test process. Integrating the full environment gives our customers the ability to bring together information from the logical model, physical model and functional model to refine and optimize designs and measure results, which transforms decision making in product development. It’s something our customers appreciate today and will even more fully appreciate tomorrow. We are committed to investing both organically and through acquisitions to achieve our vision, which includes providing world class simulation solutions,” said Chuck Grindstaff, CEO and president of Siemens' PLM Software Business Unit.

 

Source: LMS website (message from the Chairman)