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Siemens to acquire leading provider of mechatronic simulation

08.11.2012
Boost from LMS International will make industry customers even faster

Siemens expands its portfolio of industry software by acquiring LMS International NV (Leuven, Belgium), a leading provider of test and mechatronic simulation for complex products.

"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 (January 1 to September 30), LMS is a global partner to some 5,000 companies in the automotive, aerospace, and other industries. The privately held company is supporting all of the Fortune 500 automotive and aerospace manufacturers and their tier-one-suppliers with a combination of mechatronic simulation software, testing systems and engineering services. LMS offers a complete software platform to model, simulate and test vehicles, aircraft, and other complex products optimizing 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. "With the acquisition of LMS, we are expanding our portfolio of industry software in an area that is critical for many customers. 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," explains Anton S. Huber, CEO of the 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."

PLM software, part of the Siemens industry software portfolio, is used by over 70,000 companies worldwide in automotive production, electronics manufacturing, aerospace, mechanical engineering, and other industries. Since its acquisition of UGS Corp. in 2007, Siemens has been the only provider worldwide covering the entire value-added process for product development and production with its software products. Siemens' acquisitions since the end of 2011 include Active Tecnologia em Sistemas de Automação Ltda. (pharmaceutical and biotech production), Vistagy Inc. (construction of composites), IBS AG (quality and production management), Innotec do Brasil Ltda. (integrated system management), Perfect Costing Solutions GmbH (cost management), VRcontext International S.A. (3D system visualization) and Kineo CAM (computer-aided motion software).

The Siemens Industry Sector (Erlangen, Germany) is the world's leading supplier of innovative and environmentally friendly products and solutions for industrial customers. With end-to-end automation technology and industrial software, solid vertical-market expertise, and technology-based services, the Sector enhances its customers' productivity, efficiency, and flexibility. With a global workforce of more than 100,000 employees, the Industry Sector comprises the Divisions Industry Automation, Drive Technologies and Customer Services as well as the Business Unit Metals Technologies. For more information, http://www.siemens.com/industry

The Siemens Industry Automation Division (Nuremberg, Germany) supports the entire value chain of its industrial customers – from product design to production and services – with an unmatched combination of automation technology, industrial control technology, and industrial software. With its software solutions, the Division can shorten the time-to-market of new products by up to 50 percent. Industry Automation comprises five Business Units: Industrial Automation Systems, Control Components and Systems Engineering, Sensors and Communications, Siemens PLM Software, and Water Technologies. For more information, visit http://www.siemens.com/industry

This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as "expects," "looks forward to," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to stockholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens' management, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond Siemens' control, affect Siemens' operations, performance, business strategy and results and could cause the actual results, performance or achievements of Siemens to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements or anticipated on the basis of historical trends. These factors include in particular, but are not limited to, the matters described in Item 3: Risk factors of our most recent annual report on Form 20-F filed with the SEC, in the chapter "Risks" of our most recent annual report prepared in accordance with the German Commercial Code, and in the chapter "Report on risks and opportunities" of our most recent interim report.

Further information about risks and uncertainties affecting Siemens is included throughout our most recent annual, and interim reports as well as our most recent earnings release, which are available on the Siemens website, www.siemens.com, and throughout our most recent annual report on Form 20-F and in our other filings with the SEC, which are available on the Siemens website, www.siemens.com, and on the SEC's website, www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of Siemens may vary materially from those described in the relevant forward-looking statement as being expected, anticipated, intended, planned, believed, sought, estimated or projected. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

Reference Number: I20121155e

Contact
Mr. Alexander Machowetz
Industry Sector
Siemens AG
Werner-von-Siemens-Str. 50
91052 Erlangen
Germany
Tel: +49 (9131) 7-25562
alexander.machowetz@siemens.com

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