Siemens acquires software producer UGS for US$3.5 billion. With its acquisition of U.S. software producer UGS Corp., of Plano, Texas, the Siemens Automation and Drives (A&D;) Group will expand its product spectrum in automation technology to include industrial software for planning, design and simulation in Product Lifecycle Management (PLM).
My company has been sold again. I start learning German next week.
German eh? So is this good or bad news?
Nah, I’m not really studying German. But I will drink a bunch of German beer if it’ll help keep me employed. Stay tuned on the fallout – the acquisition won’t be complete for a month or two. Everyone says it will be business as usual, but we’ll see.