CIMdata PLM Industry Summary Online Archive

13 May 2008

Company News

Siemens PLM Software: Key Milestones Achieved During its First Year

Siemens PLM Software celebrated a series of milestones achieved during its first year as part of Siemens AG. “In the one year since Siemens AG announced the close of its acquisition of UGS, we have successfully integrated our operations into those of Siemens while concurrently growing our business and capturing market share in the PLM industry,” said Tony Affuso, chairman and CEO of Siemens PLM Software. “It’s been a strong first year for us as part of Siemens, and we look forward to a long and successful future as a member of the Siemens family.”

“In addition, we moved forward with our Unified Product and Production Initiative, which we believe will fundamentally alter the landscape of what companies can expect from industry software by providing them with greater speed and confidence in bringing products to market than they have ever experienced,” said Dr. Helmuth Ludwig, president, Siemens PLM Software. “And more recently at Hanover Fair, we launched our new synchronous technology thanks to Siemens’ ability to accelerate this breakthrough technology to market. Siemens and UGS are a great combination and are off to a fast start.”

“Congratulations to Siemens PLM Software for a fantastic year – we are so pleased to have the team as part of the Siemens family. Our shared vision of unifying the product and production lifecycles is becoming a reality,” said Peter Loescher, president and CEO, Siemens AG during a site visit at the Siemens PLM Software location in Detroit.

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