“Through the acquisition of ESTEQ, Siemens Digital Industries Software will nowhave a direct presence in the South Africa market which will enable Siemens toexpand 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 knowledgeand Siemens expertise makes it easier than ever before for manufacturingcompanies to tap into Siemens’ full software portfolio.”
“For over 25 years, ESTEQ has had a strong partnership with Siemens, developingand growing its engineering and manufacturing software and services businessacross the Southern African and Gulf regions,” said Cobus Oosthuizen, CEO,ESTEQ. “In that time ESTEQ has helped hundreds of customers, both large andsmall, by providing technology solutions that assist them with every step of theproduct development and delivery process. We are excited to join Siemens, so ourcustomers will not only benefit from the existing relationships and local expertisethat the ESTEQ team provides but will also benefit from the extended range oftechnologies and industry expertise that we can offer as part of Siemens.”The asset sale and purchase transaction is due for completion in the third calendarquarter of 2019. The parties have agreed not to disclose any details of thetransaction. The Test and Measurement business which formed part of the ESTEQGroup is not part of the transaction and will continue as a separate and independent business.