MUNICH - Siemens will acquire industrial software supplier UGS for $3.5 billion from private equity investors Bain Capital, Silver Lake Partners and Warburg Pincus. The deal is subject to approval.
 
Plano, TX-based UGS has approximately $1.2 billion in annual sales, 7,300 employees, and 46,000 customers in 62 countries. Combined with Siemens’ Automation and Drives division, the unit will employ some 7,000 software designers, Siemens says.
 
UGS products are geared toward collaborative product management, computer-aided design, manufacturing and engineering, and digital manufacturing simulation.
 
Separately, Siemens said its first quarter net fell $1.02 billion year-over-year. However, revenues rose 6% to 19.07 billion euros ($24.80 billion).
 
Siemens also announced plans for a public offering of its automotive supply unit, a department with $10 billion in annual sales.
 
 

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