Siemens to Acquire TESIS PLMware for ERP

Siemens has entered into an agreement to acquire TESIS PLMware. According to the company, the acquisition will further enhance Siemens' industry software portfolio.

TESIS PLMware helps customers integrate Siemens' Teamcenter software with leading ERP systems and other enterprise applications such as MES, CRM and SCM. TESIS PLMware will, after closing, be assigned to Siemens PLM Software, a business unit of the Siemens Industry Automation Division. The agreement includes the acquisition of Munich based TESIS PLMware GmbH and its U.S. business. Terms of the acquisition will not be disclosed.

"Siemens is committed to delivering best in class solutions that help our customers, and the next generation of manufacturers, efficiently bring innovative products to market," said Chuck Grindstaff, president and CEO, Siemens PLM Software. "With the acquisition of TESIS PLMware, Siemens is further expanding its portfolio of industry software. With stable and proven interfaces to the world's leading ERP systems, our PLM solutions are completely integrated into the enterprise software architecture of our customers. This makes them faster, more efficient, more flexible and more cost effective. Today's announcement is another important execution step in our strategy of focused acquisitions in the area of industry software."

For more information, visit Siemens PLM Software.

Sources: Press materials received from the company and additional information gleaned from the company's website.