Siemens to acquire Camstar
October 20, 2014 by Manufacturing AUTOMATION
Oct. 20, 2014 – Siemens has entered into an agreement to acquire Camstar Systems, Inc., a provider of Manufacturing Execution Systems (MES) software. The acquisition will build on Siemens’ industrial digitalization strategy by broadening its integrated product development and production automation solutions for the electronics, semiconductor and medical device industries.
Camstar will become part of Siemens’ product life cycle management (PLM) business. The transaction is expected to close during the second half of November, 2014. Terms of the acquisition will not be disclosed.
The Camstar portfolio includes next-generation, high-performance analytics to gain insight into the operations of complex and global processes. This cloud-based capability leverages state-of-the-art, big data technology across the operations and global supply chain of the enterprise.
“The addition of the Camstar team and products represents the latest step in Siemens’ focus on delivering industry leading, comprehensive functionality and the deep expertise needed to support our customers’ digital enterprises,” said Chuck Grindstaff, president and CEO of Siemens PLM Software. “The addition of Camstar’s solutions will further accelerate our integration of PLM with the Manufacturing Operations Management (MOM) domain. In the integrated digital enterprise, we are enabling PLM, MOM and industrial automation to work together to help customers realize innovation in their products and processes throughout the value chain. Camstar’s unique value and industry-centric approach complements the Siemens strategy for the MOM domain, and will be a welcomed addition to our premier MES brand, SIMATIC IT.”
Founded in 1984, Camstar is headquartered in Charlotte, N.C., and has 250 employees in the United States, Singapore, Malaysia, China and The Netherlands.