Siemens has entered into an agreement to acquire Camstar Systems, Inc., one of the proven market leaders in enterprise Manufacturing Execution Systems (MES) software.
· Delivers on Siemens’ strategy for a fully integrated digital enterprise
· Adds Manufacturing Execution Systems leadership in key industries
· Will add big data product performance analytics across global supply chain
The acquisition will build on Siemens’ industrial digitalisation strategy by broadening its product development and production automation solutions for the electronics, semiconductor and medical device industries.
This announcement represents the latest step to help companies realise innovation with an integrated digital enterprise. Camstar’s best-in-class MES solutions will complement Siemens’ existing vertical industry offerings.
Camstar will become part of Siemens’ product lifecycle management (PLM) business. The transaction is expected to close during the second half of November 2014.
Camstar’s MES portfolio delivers solutions for centralised or distributed multi-site manufacturing environments and seeks to gain insight into the operations of global processes.
“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,” said Chuck Grindstaff, president and CEO of Siemens PLM Software. “The addition of Camstar’s solutions will further accelerate our integration of PLM with the Manufacturing Operations Management (MOM) domain. In the integrated digital enterprise, we are enabling PLM, MOM and industrial automation to work together to help customers realise innovation in their products and processes throughout the value chain. Camstar’s unique value and industry-centric approach complements the Siemens strategy for the MOM domain and will be a welcomed addition to our premier MES brand, SIMATIC IT.”
“Camstar has established a long-standing reputation as the industry standard in MES capabilities and value delivery to the medical device, semiconductor and electronics segments,” said Scott Toney, CEO, Camstar. “Siemens clearly recognises the value we bring to these segments, and the natural fit we are for their industry strategy. We view this as a great benefit for our customers, and we welcome the expanded opportunities that will result from being a part of Siemens.”
“Siemens’ acquisition of Camstar is a smart move that aligns well with their industry strategy,” said Greg Gorbach, vice president, ARC Advisory Group. “It enhances their capabilities in important industry segments, adds powerful technology and expertise to their solution offering, and enables their customers to realise innovation.”