Siemens to Acquire MES Software Company Camstar,
Siemens has entered into an agreement to acquire Camstar Systems, Inc. The acquisition will build on Siemens' industrial digitalization strategy by broadening its integrated product development and production automation solutions for the electronics, semiconductor and medical device industries.
Camstar's 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. Terms of the acquisition will not be disclosed.
"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 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."
"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 realize innovation."
Founded in 1984, Camstar is headquartered in Charlotte, N.C., and has 250 employees in the United States, Singapore, Malaysia, China and The Netherlands.
