Siemens Digital Industries Software announced today that it has signed an agreement to acquire assets of ESTEQ, a distributor of product lifecycle management, product design and simulation, and manufacturing operations software and services. ESTEQ is headquartered in Pretoria, South Africa, and has locations across the region, and the United Arab Emirates, serving the Aerospace & Defense, Transportation, Consumer Products, Energy, Electronics, Machinery, Mining & Minerals, and Oil & Gas industries.
Siemens will incorporate ESTEQ into new software focused sales organizations in South Africa and UAE, gaining direct presence to expand and grow the support and services to customers across the regions.
“For over 25 years, ESTEQ has had a strong partnership with Siemens, developing and growing its engineering and manufacturing software and services business across the Southern African and Gulf regions,” said Cobus Oosthuizen, CEO, ESTEQ. “In that time, we helped hundreds of customers, both large and small, by providing technology solutions that assist them with every step of the product development and delivery process. We are excited to join Siemens, so our customers will not only benefit from the existing relationships and local expertise that the ESTEQ team provides but will also benefit from the extended range of technologies and industry expertise that we can offer as part of Siemens.”
“Through the acquisition, Siemens Digital Industries Software will now have a direct presence in the Southern African and UAE markets, which will enable Siemens to expand and enhance how we support and service our customers across the region,” said Edwin Severijn, Senior Vice President, Europe Middle East and Africa, Siemens Digital Industries Software. “The combination of ESTEQ’s local knowledge and Siemens expertise makes it easier than ever before for manufacturing companies to tap into Siemens’ full software portfolio, so they can reduce cycle time and create new business opportunities.”
“With ever-increasing pressure from their customers and competitors, manufacturers across the region must rethink every aspect of their business,” said Ralf Leinen, Senior Vice President, Siemens Digital Industries, Southern and Eastern Africa. “With our established and comprehensive knowledge of the South African market, we can offer our customers the best and most appropriate products, solutions and services that can effectively and efficiently be used to become a digital enterprise and take advantage of the new and disruptive technology drivers across each phase of their operation.”
The asset sale and purchase transaction is due for completion in the third calendar quarter of 2019. The parties have agreed not to disclose any details of the transaction. The Test and Measurement business which formed part of the ESTEQ Group is not part of the transaction and will continue as a separate and independent business.
Siemens Digital Industries Software is a leading global provider of software solutions to drive the digital transformation of industry, creating new opportunities for manufacturers to realize innovation. With headquarters in Plano, Texas, and over 140,000 customers worldwide, Siemens Digital Industries Software works with companies of all sizes to transform the way ideas come to life, the way products are realized, and the way products and assets in operation are used and understood. For more information on Siemens Digital Industries Software products and services, visit www.siemens.com/plm.