Siemens To Acquire LMS
Siemens is expanding its portfolio of industry software by acquiring LMS International NV (Leuven, Belgium), a global provider of test and mechatronic simulation software including model-based systems engineering to the automotive, heavy-duty, aerospace and other manufacturing industries. No financial details were provided.
With the acquisition, Siemens said it will become the first product lifecycle management (PLM) software company to provide a closed-loop systems-driven product development solution extending all the way to integrated test management.
"With the acquisition of LMS, we are expanding our portfolio of industry software in an area that is critical for many customers," said Anton S. Huber, CEO of Siemens' Industry Automation Division. "They will now be able to simulate, test, optimize, and produce their products in a unified, consistent data environment. This will make them faster, more efficient, more flexible and more cost-effective. 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."