Siemens acquires specialist in plant management

With its takeover of innotec do Brasil based in São Paulo, Brazil, the Siemens Industry Automation Division has extended its leading global position in the field of industrial process engineering software, and at the same time bolstered its presence in one of the world’s key growth markets.
For more than ten years, Innotec do Brasil has been an exclusive supplier of Comos software solutions for integrated plant management, focusing on Brazil’s oil and gas, energy, chemical and paper industries. The newly acquired company will be assigned to the Industrial Automation Systems Business Unit. With the purchase price a closely guarded secret, the deal is set to go ahead subject to approval by the relevant authorities.
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