Siemens Acquires innotec to Enhance its Software Offering to the Process Industries
With around 200 employees, innotec is one of the leading digital engineering software vendors especially for plants in the process industry. As a result of the acquisition, innotec will become a subsidiary of Siemens AG, and for organizational purposes it will be assigned to the Industrial Automation Systems Business Unit.: "innotec is an outstanding technological supplement to our portfolio. It will make us the first vendor in the world that can offer the process industry an integrated software solution, from the planning stage of a production plant, through operation, right up to modernization," said CEO Ralf-Michael Franke. "In the future, our customers in the process industry, like those in the discrete manufacturing industry, will be able to significantly reduce the time-to-market with coordinated Siemens technology." According to Franke, the innotec software complements Siemens' automation engineering products and services, such as its Simatic PCS 7 process control system and wide range of process instrumentation. Additionally, the sales expertise of the innotec employees, along with their long-established and close customer relationships with leading companies in the process industry, form a suitable supplement to the corresponding regional sales units of Siemens.
"Our customers will continue to receive outstanding service and support in addition to the latest software technology. As a part of Siemens, we will provide our customers with a strong partner and investment security," said Stephan Rohleder, COO of innotec GmbH.
innotec GmbH (Schwelm, Germany) is one of the leading software vendors for lifecycle management systems. Since its inception in 1991, the company has expanded constantly and now has around 200 employees worldwide. As well as its primary location in Schwelm, innotec can also be found elsewhere in Germany in Bonn and Hanau, as well as in Brazil, Denmark, Austria, South Africa, Switzerland, and the U.S. At the heart of innotec's services is the lifecycle engineering system Comos, an integrated corporate solution for plant lifecycle asset information management. This meets all the requirements of modern engineering: Process engineering, conceptual design, pipeline and function planning, automation and I&C planning, measuring and control systems, asset management/maintenance, as well as document and project management.
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. The company has around 400,000 employees (in continuing operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of solutions for individual requirements. For over 160 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. In fiscal 2007, Siemens had revenue of €72.4 billion and income from continuing operations of €3.9 billion (IFRS). Further information is available on the Internet at: www.siemens.com.