Siemens aims to strengthen its PLM activities (Photo: Siemens)
Siemens plans to acquire Camstar in a bid for leadership in products that help companies digitize all areas of their business.
The Germany-based diversified engineering group said its Siemens PLM software division will broaden its portfolio of product development and production automation products through the acquisition of Camstar. The US-based company is a specialist in manufacturing execution software (MES). It focuses especially on the medical device, semiconductor and electronics industries.
“The addition of the Camstar team and products represents the latest step in Siemens’ focus on delivering industry leading, comprehensive functionality and the deep expertise needed to support our customers’ digital enterprises,” Siemens PLM CEOÂ Chuck Grindstaff said in a press statement.
The transaction is expected to close during the second half of November. Terms weren't disclosed.