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In today’s world, developing successful products has never been more difficult or more complex. Driven by intense competition and an increasing demand for smarter products, manufacturing companies face many more challenges in bringing products to market. Next-generation development will include advanced simulation and test to ensure manufacturers validate designs virtually and build the product right, the first time.
As of January 3, 2013, the acquisition of LMS by Siemens has received regulatory approval and is closed. LMS is a leading provider of test and mechatronic simulation software and engineering services. As a business segment within Siemens PLM Software, LMS will provide a portfolio of products and services for manufacturing companies to manage the complexities of tomorrow’s product development by incorporating model-based mechatronic simulation and advanced test in the product development process. As a result, Siemens PLM Software becomes the first PLM software company to provide a closed-loop, systems-driven product development solution with integrated test.
With the acquisition of LMS:
The breadth and depth of the Siemens PLM Software portfolio has now been extended to provide our customers with a complete set of applications for systems engineering. This will enable them to enhance their competitiveness through systems-based product development.
“The mechatronic simulation of complex products will become more and more important for intelligent and competitive product development and production processes. With the acquisition of LMS, we are entering a leading position in this software segment as well, and can significantly boost the pace and power of our clients’ innovation,” said Siegfried Russwurm, member of the Siemens AG Managing Board and CEO of the Industry Sector.
“By acquiring LMS, we continue to deliver on our goal of providing the full breadth of product development solutions, from the virtual to the physical. This will enhance our core competencies by adding model-based simulation, design, test and measurement capabilities to both the virtual design and physical test process. Integrating the full environment gives our customers the ability to bring together information from the logical model, physical model and functional model to refine and optimize designs and measure results, which transforms decision-making in product development. It’s something our customers appreciate today and will even more fully appreciate tomorrow.” said Chuck Grindstaff, CEO and president of Siemens' PLM Software Business Unit.
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