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Press Release11 June 2019Digital IndustriesSouth Africa
Siemens to acquire ESTEQ to accelerate digitalization for customers in Southern Africa
“Through the acquisition of ESTEQ, Siemens Digital Industries Software will now have a direct presence in the South Africa market which will enable Siemens to expand and enhance how we support and service our customers across the region,”said Edwin Severijn, Senior Vice President, Europe Middle East and Africa,Siemens Digital Industries Software. “The combination of ESTEQ’s local knowledge and Siemens expertise makes it easier than ever before for manufacturing companies to tap into Siemens’ full software portfolio.”
“For over 25 years, ESTEQ has had a strong partnership with Siemens, developing and growing its engineering and manufacturing software and services business across the Southern African and Gulf regions,” said Cobus Oosthuizen, CEO,ESTEQ. “In that time ESTEQ has helped hundreds of customers, both large and small, by providing technology solutions that assist them with every step of the product development and delivery process. We are excited to join Siemens, so our customers will not only benefit from the existing relationships and local expertise that the ESTEQ team provides but will also benefit from the extended range of technologies and industry expertise that we can offer as part of Siemens. ”The asset sale and purchase transaction is due for completion in the third calendar quarter of 2019. The parties have agreed not to disclose any details of the transaction. The Test and Measurement business which formed part of the ESTEQ Group is not part of the transaction and will continue as a separate and independent business.
For this press release
Siemens AG
(Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence,
innovation, quality, reliability and internationality for more than 170 years. The company is active
around the globe, focusing on the areas of electrification, automation and digitalization. One of the
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. With its publicly listed subsidiary
Siemens Healthineers AG, 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 2018, which ended on September 30, 2018, Siemens generated revenue of
€83.0 billion and net income of €6.1 billion. At the end of September 2018, the company had around
379,000 employees worldwide. Further information is available on the Internet at
www.siemens.com
.
Siemens Digital Industries (DI) is an innovation leader in automation and digitalization. Closely collaborating withpartners and customers, DI drives the digital transformation in the process and discrete industries. With its DigitalEnterprise portfolio, DI provides companies of all sizes with an end-to-end set of products, solutions and services tointegrate and digitalize the entire value chain. Optimized for the specific needs of each industry, DI’s unique portfoliosupports customers to achieve greater productivity and flexibility. DI is constantly adding innovations to its portfolioto integrate cutting-edge future technologies. Siemens Digital Industries has its global headquarters in Nuremberg,Germany, and has around 75,000 employees internationally.
Contact
Mr. Keshin Govender
Siemens ZA
300 Janadel Avenue, Halfway House
Johannesburg
South Africa
Johannesburg
South Africa
+27 (71) 492-3789