Siemens Digital Industries Software announced 12th June 2019 that it has signed an agreement to acquire the assets of ESTEQ, a distributor of product lifecycle management, product design and simulation, and manufacturing operations software and services. ESTEQ is headquartered in Pretoria, South Africa, and has locations across the region and the United Arab Emirates (UAE), serving the aerospace & defense, transport, consumer products, energy, electronics, machinery, mining & minerals, and oil & gas industries.
Siemens will incorporate ESTEQ into new software focused sales organisations in South Africa and UAE, gaining direct presence to expand and grow the support and services to customers across the regions.
Edwin Severijn, Siemens Digital Industries Software, and Cobus Oosthuizen, ESTEQ, shake hands following the announcement at the Engineering Community Conference 2019.
Cobus Oosthuizen, CEO of ESTEQ said, “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. In that time, we have helped hundreds of customers, 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. Our customers will benefit from the existing relationships and local expertise that the ESTEQ team provides and as well as the extended range of technologies and industry expertise that we can offer as part of Siemens.”
In making the announcement, Edwin Severijn, Senior Vice President, Europe Middle East and Africa for Siemens Digital Industries Software, said, “Through this acquisition, Siemens Digital Industries Software will now have a direct presence in the Southern African and UAE markets. This will enable Siemens to expand and enhance how we support and service our customers across the region.
“The combination of ESTEQ’s local knowledge and Siemens expertise makes it easier now for manufacturing companies to tap into Siemens’ full software portfolio, to reduce cycle time and create new business opportunities.”
“With ever-increasing pressure from their customers and competitors, manufacturers across the region need to rethink every aspect of their businesses,” said Ralf Leinen, Senior Vice President, Siemens Digital Industries, Southern and Eastern Africa. “With our comprehensive knowledge of the South African market, we can offer our customers the most appropriate products, solutions and services so they can become digital enterprises and take advantage of the new technology drivers across all phases of their operations.”
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.
Siemens Digital Industries Software is a leading global provider of software solutions to drive the digital transformation of industry, creating new opportunities for manufacturers to realise innovation.
Siemens Digital Industries (DI) is an innovation leader in automation and digitalisation. Closely collaborating with partners and customers, DI drives digital transformation in the process and discrete industries. It provides companies with a set of products, solutions and services to integrate and digitalise the entire value chain, supporting customers to achieve greater productivity and flexibility.
For more information on Siemens Digital Industries Software, visit www.siemens.com/plm
