TAPPI Over The Wire Paper 360
Past Issues | Printer Friendly | TAPPI.org | Advertise | Buyers Guide | Travels with Larry Archive FacebookTwitterLinkedIn
       

Siemens plans to acquire Process Systems Enterprise

Print Print this Article | Send to Colleague

Siemens is planning to acquire Process Systems Enterprise (PSE), a technology- leading global supplier of software and services for advanced process modeling. Advanced models are used within digital R&D, design and operations in the process industries to help make fast, safe and more efficient decisions through rapid and effective exploration of the decision space. The technology is widely used in the chemicals, petrochemicals, pharmaceuticals and food and beverage industries to accelerate innovation, improve process design and operation, streamline R&D and manage technology risk.

"The combination of high-fidelity predictive models and real-time process data play an increasingly important role in the digitalization of operations in the process industry. It is important to take the process knowledge that is already available in product and process development and to map it in predictive models, which can then be used to add value in the digitalization environment in every step of the lifecycle," states Eckard Eberle, CEO of Business Unit Process Automation. "PSE helps us significantly here, because now we can integrate model-based technologies from PSE in our applications in the entire plant lifecycle. This makes us even better equipped to meet the specific requirements of our customers."

Siemens plans to purchase 100 percent of the share capital of PSE and to integrate its business into the Business Unit Process Automation, which is part of Siemens Digital Industries. The London-based company employs about 160 people worldwide. Closing of the transaction is planned for the fourth quarter of 2019. Both companies have agreed not to comment on the financial details of the transaction.

 

Back to TAPPI: Over The Wire

Share Share on Facebook Share on Twitter Share on LinkedIn