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Press Release30 August 2017Digital Factory Munich
Siemens to acquire TASS International, adding automated driving solutions to portfolio
"The automotive industry is a core focus for Siemens and our acquisition of TASS International is another example of our commitment to offer a complete Digital Enterprise solutions portfolio, enabling automotive companies to realize their digital transformation and fully benefit from all opportunities of digitalization," said Dr. Jan Mrosik, CEO of Siemens' Digital Factory Division. "TASS International is a proven leader in both integrated safety and autonomous driving, two fields of engineering that are increasingly important for the industry. By combining its strengths with Siemens' PLM offerings, we are able to respond even better to today's challenges in the automotive industry."
With active safety and advanced driver assistance systems features increasingly becoming the norm in the automotive industry, the compelling trends of connected and autonomous driving vehicles set new requirements for virtual and physical validation and verification of automotive vehicles.
"The Siemens PLM Software portfolio offers a significant opportunity for TASS International and its customers to accelerate the development of safety-critical applications in the field of automated and connected driving. Our engineering and test services will reach a larger audience through the extensive Siemens global footprint," said Jan van den Oetelaar, CEO of TASS International. "The integration of TASS International into the Siemens organization is expected to create a stable long-term environment and allow access to a vast knowledge base. This can help to build an integrated toolchain for verification and validation of complex automotive functions that should benefit both the automotive industry as well as government organizations worldwide."
TASS International is focused on automated driving solutions and integrated (active, passive) safety, primarily for the automotive industry. With its PreScan software, car manufacturers, suppliers and government agencies can simulate complex traffic scenarios and virtually validate automated driving solutions and advanced driver assistance systems. With its leading Madymo software for occupant safety modeling, TASS International can simulate the impact of a car crash on the human body. TASS International's Delft-Tyre software provides highly accurate tyre models for vehicle dynamics and ride and handling simulations.
TASS International's simulation software will be combined with Siemens' Simcenter portfolio of advanced simulation offerings, and its electronic design automation (EDA) solutions from the recently acquired Mentor Graphics organization. The combination will provide a unique fully integrated solution to frontload the verification and validation of ADAS and autonomous driving systems, providing Siemens with the world's most complete systems-driven product development offering for autonomous vehicles.
Siemens will acquire 100 percent of the share capital of TASS International and integrate the business into its PLM Software Business Unit, which is part of its Digital Factory Division. TASS International has approximately 200 employees and has an annual turnover of €27m. Closing is expected in early September 2017. Both parties mutually agreed not to disclose the financial conditions of the acquisition.
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Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2016, which ended on September 30, 2016, Siemens generated revenue of €79.6 billion and net income of €5.6 billion. At the end of September 2016, the company had around 351,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
Contact
Natalie Navales
Siemens AG
13690 Riverport Drive
63043 Maryland Heights, MO
USA
63043 Maryland Heights, MO
USA
+1 (314) 264-8671
Yashar Azad
Siemens AG
Werner-von-Siemens-Straße 1
80333 Munich
Germany
80333 Munich
Germany
+49 (89) 636-37970