Acquisition to Expand Siemens\u2019 Manufacturing Execution Systems Offerings; Delivers on Siemens\u2019 Strategy for a Fully Integrated Digital Enterprise.
\nAdds Manufacturing Execution Systems Leadership in Key Industries; Will Add Big Data Product Performance Analytics across Global Supply Chain.
\nSiemens has entered into an agreement to acquire Camstar Systems, Inc., one of the proven market leaders in enterprise Manufacturing Execution Systems (MES) software. The acquisition will build on Siemens\u2019 industrial digitalization strategy by broadening its integrated product development and production automation solutions for the electronics, semiconductor and medical device industries. Today\u2019s announcement represents the latest step to help companies realize innovation with a truly integrated digital enterprise. Camstar\u2019s best-in-class MES solutions will complement Siemens\u2019 existing vertical industry offerings. Camstar will become part of Siemens\u2019 product lifecycle management (PLM) business. The transaction is expected to close during the second half of November, 2014. Terms of the acquisition will not be disclosed.
\nCamstar\u2019s enterprise MES portfolio delivers scalable, flexible, enterprise-wide solutions for centralized or distributed multi-site manufacturing environments. Today\u2019s complex product development environment is driving strong demand for enterprise MES solutions among manufacturers in discrete industries. The Camstar portfolio includes next-generation, high-performance analytics to gain insight into the operations of complex and global processes. This cloud-based capability leverages state-of-the-art, big data technology across the operations and global supply chain of the enterprise.
\n\u201cThe addition of the Camstar team and products represents the latest step in Siemens\u2019 focus on delivering industry leading, comprehensive functionality and the deep expertise needed to support our customers\u2019 digital enterprises,\u201d said Chuck Grindstaff, president and CEO of Siemens PLM Software. \u201cThe addition of Camstar\u2019s 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 realize innovation in their products and processes throughout the value chain. Camstar\u2019s 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.\u201d
\n\u201cCamstar has established a long-standing reputation as the industry standard in MES capabilities and value delivery to the medical device, semiconductor and electronics segments,\u201d said Scott Toney, CEO, Camstar. \u201cSiemens clearly recognizes 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.\u201d
\n\u201cSiemens\u2019 acquisition of Camstar is a smart move that aligns well with their industry strategy,\u201d said Greg Gorbach, vice president, ARC Advisory Group. \u201cIt enhances their capabilities in important industry segments, adds powerful technology and expertise to their solution offering, and enables their customers to realize innovation.\u201d
\nFounded in 1984, Camstar is headquartered in Charlotte, N.C., and has 250 employees in the United States, Singapore, Malaysia, China and The Netherlands.<\/p>\n","protected":false},"excerpt":{"rendered":"
Acquisition to Expand Siemens\u2019 Manufacturing Execution Systems Offerings; Delivers on Siemens\u2019 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. Siemens has entered into an agreement to acquire Camstar Systems, Inc., one of the proven market leaders in<\/p>\n