Siemens Closes UGS Acquisition, Installs President, CFO
Affuso retains leadership but Siemens installs Tilo Brandis
as president and Peter Bichara as EVP and CFO
 PLANO,
Texas, May 7, 2007 - UGS Corp., a leading global provider of product
lifecycle management (PLM) software and services, today announced the close
of its acquisition by Siemens AG effective May 4. As a result, the business
will go to market as UGS PLM Software, a global division of the Siemens
Automation and Drives (A&D) Group.
The companies announced on January 25 a definitive agreement for Siemens
AG to acquire UGS for US$3.5 billion, including assumption of existing debt.
Most recently, the European Commission announced on April 27 that it had
approved the planned acquisition of UGS by Siemens AG, thus completing the
standard anti-trust reviews of the transaction.
 “This
is a great day for UGS PLM Software on the heels of an outstanding first
quarter. While we are still finalizing our numbers, we had a very strong
quarter in Q1, coming in near 11 percent on total revenue growth and 16
percent on software license growth,” said Tony Affuso, chairman and
CEO of UGS PLM Software.
“Now the acquisition enables the company and its people to leverage a
powerful and respected global organization like Siemens in strengthening our
technology leadership in PLM,” Affuso said. “The acquisition also clearly
sets a new agenda for the entire PLM industry. Customers across
manufacturing and process industries will now be able to benefit from the
integration of the physical world, through Siemens’ leading automation
design and production technology, and the virtual world, through UGS PLM
Software’s leading factory design, product design and digital collaboration
software.”
Expanded Management Team
UGS PLM Software also today announced the additions of two senior leaders
from Siemens – each of whom is relocating to UGS PLM Software’s global
division headquarters in Plano, Texas -- to its management team:
-
 Tilo
Brandis, president. Brandis, who has served as chief integration
officer of the integration of UGS PLM Software into Siemens A&D, comes
to UGS PLM Software from Siemens’ Electronics Assembly Systems (EA)
division, which he has headed since 2003. Brandis previously served in a
variety of posts within the Siemens Transportation Systems group,
including head of the global mass transit systems in Braunschweig, and
the Siemens Logistics and Assembly Systems group. Prior to joining
Siemens in 1997, Brandis served as CEO of HBS Consulting Partners GmbH
in Prague.
-
 Peter
Bichara, executive vice president and chief financial officer (CFO).
Bichara most recently served as vice president of Mergers and
Acquisitions for Siemens A&D including directing A&D’s acquisition,
divesture and strategic project programs. Before joining Siemens in
2004, he was vice president of strategy and then chief executive officer
of one of Bertelsmann AG’s operating companies. Earlier in this career,
Bichara worked for the Boston Consulting Group as a management
consultant in the company’s Düsseldorf and Los Angeles offices. Bichara
succeeds Doug Barnett, who has agreed to stay with the company for six
months to facilitate the integration process.
In addition, UGS PLM Software today announced the appointment of Rose
Marie Glazer as general counsel and secretary. Prior to joining UGS in 2004
as associate general counsel, Glazer served as vice president and general
counsel of Telvista, Inc. She was also in-house counsel at American Airlines
and an attorney in the Dallas office of the law firm Jones Day. She succeeds
Tom Lemberg, who has decided, in light of the acquisition, to leave UGS PLM
Software.
The majority of the current UGS PLM Software management team remains in
place. The following members of the leadership team will continue to serve
in their current roles and manage UGS’ current operating model: John Graham,
executive vice president, Global Sales and Services; Chuck Grindstaff,
executive vice president, Products; Dave Shirk, executive vice president,
Global Marketing; Craig Berry, senior vice president, chief information
officer; Dan Malliet, senior vice president, Human Resources; and Mike Sayen,
vice president, Strategy.
“I am very pleased that highly talented leaders from Siemens like Tilo
and Peter, each of whom has a strong engineering and automation background,
are joining our management team in Texas, as well as with the high level of
continuity we enjoy with our leadership,” Affuso said. “We have been working
closely together over the past several months on the integration process,
and it is clear that there is great advantage in combining their operational
experience and knowledge of the Siemens enterprise with the considerable
skills and resources of our team as we all drive toward even greater
leadership in the PLM market in the future.”
About UGS PLM Software
UGS PLM Software is a leading global provider of product lifecycle
management (PLM) software and services with 4.4 million licensed seats and
47,000 customers worldwide. Headquartered in Plano, Texas, UGS PLM
Software’s vision is to enable a world where organizations and their
partners collaborate through global innovation networks to deliver
world-class products and services while leveraging UGS PLM Software’s open
enterprise solutions, fulfilling the mission of enabling them to transform
their process of innovation. For more information on UGS PLM Software
products and services, visit
www.siemens.com/ugs.
About Siemens Automation and Drives
The Siemens Automation and Drives Group (A&D), Nuremberg, Germany, is the
leading manufacturer in this field worldwide. Products supplied by A&D
include standard products for the manufacturing and process industries and
for the electrical installation industry as well as system solutions, for
example for machine tools, and solutions for whole industries such as the
automation of entire automobile factories or chemical plants. Supplementing
this range of products and services, A&D also offers software for linking
production and management (horizontal and vertical IT integration) and for
optimizing production processes. A&D employs 70,600 people worldwide and in
fiscal year 2006 (to September 30) earned a group profit of $1.572 billion
on sales of $12.848 billion and orders of $14.108 billion, according to U.S.
GAAP. Further information about A&D is available in the Internet at
www.siemens.com/automation.
--------
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