Siemens has access to 80.69 percent of IBS AG shares

Munich, Germany, (PresseBox) - With the conclusion of the acceptance period of the voluntary public takeover offer, Siemens has secured 80.69 percent of IBS shares, thereby exceeding the minimum takeover threshold of 75 percent. All additional conditions for completion of the takeover offer, including antitrust approvals, have also been fulfilled. Therefore, the takeover of IBS AG can be implemented as planned.

In the statutory additional acceptance period, which lasts from 3 to 16 April 2012, midnight, the remaining IBS shareholders can tender their shares at the offer price of EUR 6.10 in cash per share. The price offered by Siemens is attractive as it is more than 30 percent above the closing price before the takeover plan announcement on 7 February 2012 and more than 40 percent above the volume-weighted three-month average price of IBS shares. Before the publication of the takeover plan, IBS shares had not reached this price level since the start of 2003.

"The route for a successful takeover of IBS AG has been cleared. With IBS AG we will expand our comprehensive offering of industrial automation solutions dedicated to software for industrial quality and production management," says Anton S. Huber, CEO of Siemens Industry Automation Division.

The Siemens Industry Sector (Erlangen) is the world's leading supplier of innovative and environmentally friendly products and solutions for industrial customers. With end-to-end automation technology and industrial software, solid vertical-market expertise, and technology-based services, the Sector enhances its customers' productivity, efficiency, and flexibility. With a global workforce of more than 100,000 employees, the Industry Sector comprises the Divisions Industry Automation, Drive Technologies and Customer Services as well as the Business Unit Metals Technologies. For more information, visit http://www.siemens.com/industry

The Siemens Industry Automation Division (Nuremberg) supports the entire value chain of its industrial customers - from product design to production and services - with an unmatched combination of automation technology, industrial control technology, and industrial software. With its software solutions, the Division can shorten the time-to-market of new products by up to 50 percent. Industry Automation comprises five Business Units: Industrial Automation Systems, Control Components and Systems Engineering, Sensors and Communications, Siemens PLM Software, and Water Technologies. For more information, visit http://www.siemens.com/industryautomation

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