“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.