Siemens to acquire Perfect Costing Solutions

Siemens Industry Automation Division is set to acquire German firm Perfect Costing Solutions, a developer and distributor of product cost management and estimation software for the discrete manufacturing industry.

 According to a statement from Siemens, the newly acquired company will be assigned to the PLM Software Business Unit. Information on the price will not be disclosed.

Perfect Costing Solutions GmbH is a provider of product cost management solutions, headquartered in Goeppingen, Germany. The company has more than 50 world-wide employees.

“By acquiring Perfect Costing Solutions GmbH we are adding a key ingredient to our PLM portfolio to help our customers make more informed decisions about their products beginning in the early stages of design and extending across the lifecycle. This acquisition demonstrates how we are continuing to execute our strategy of building our leading position in Industry software supporting the discrete manufacturing and automotive industry in their fierce competitive landscapes. We will be gaining a team of specialists which already enjoys an excellent reputation as a sound, dependable partner and preferred supplier of product cost management solutions,” says Chuck Grindstaff, CEO of Siemens’ PLM Software Business Unit.

“Our products support our customers within the supply chain, for example with purchase price analysis as well as in their own value added process with quotation costing and calculations during the development phase. The management decision making is enhanced through transparent and fact based consistent data capture, project history as well as key economic data. This customer benefit will considerably grow within the PLM environment of Siemens,” says Andreas Tsetinis, CEO of Perfect Costing Solutions GmbH & Co. KG.