Siemens spent 3.5 billion USD to buy UGS

Siemens (Germany) has just spent $ 3.4 billion to buy UGS's software company (USA) to enhance automation for its factories.

Also with the announcement of the acquisition of UGS, Siemens also said it would soon announce the plan to set up an automatic technical department - VDO. In addition, the acquisition of UGS is also believed by Siemens to strengthen the industrial software capacity for planning, designing, and implementing its technology-automation strategy.

UGS was once owned by 3 companies Bain Capital, Silver Lake Partners and Warburg Pincus. All three companies have bought UGS from the service provider Electronic Data Systems in March 2004 for $ 2.05 billion.

UGS's main business is selling software that manufacturers use to design complex products, such as aircraft and military equipment. UGS's 2005 revenue is 1.15 million USD.