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Siemens 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' industrial digitalization strategy by broadening its integrated product development and production automation solutions for the electronics, semiconductor and medical device industries. This announcement represents the latest step to help companies realize innovation with a truly integrated digital enterprise. Camstar's best-in-class 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's enterprise MES portfolio delivers scalable, flexible, enterprise-wide solutions for centralized or distributed multi-site manufacturing environments. Today's 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.
Founded in 1984, Camstar is headquartered in Charlotte, North Carolina, and has 250 employees in the United States, Singapore, Malaysia, China and The Netherlands.
Greg Gorbach, ARC Advisory Group, commented, "Siemens' acquisition of Camstar is a smart move that aligns well with their industry strategy. It enhances their capabilities in important industry segments, adds powerful technology and expertise to their solution offering, and enables their customers to realize innovation."
Keywords: Manufacturing Execution Systems (MES), Production Automation, Product Lifecycle Management (PLM), Multi-Site Manufacturing, Cloud-Based, Big Data, ARC Advisory Group.