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Siemens AG Industry Sector / Industry Automation Division Gleiwitzer Str. 555 90475 Nürnberg, Germany http://www.siemens.de/pc-based-automation
Contact Mr Reiner Schönrock +49 911 8957999
Company logo of Siemens AG Industry Sector / Industry Automation Division
Siemens AG Industry Sector / Industry Automation Division

Siemens to acquire Kineo CAM an industry leader in computer-aided motion software

(PresseBox) (Nuremberg, )
Siemens acquires Kineo CAM, headquartered in Toulouse, France, a leading provider of computer-aided motion software. Already today Kineo CAM's solutions are proven components of Siemens PLM software products, maximizing customer productivity in various industries by optimizing motion, collision avoidance and path planning. Through the acquisition Siemens will be able to further enhance the computer-aided motion capabilities of its software and strengthen Siemens' ability to grow market share. The newly acquired company has over 200 customers worldwide and after closing will be assigned to the PLM Software Business Unit. The relevant agreement was signed today. The purchase price will not be svivsswls.

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