Siemens purchase of UGS combines software expertise.(Suppliers)

Automotive News Europe,  February, 2007  

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Byline: Ralph Kisiel

Ever since EDS sold its UGS division for $2.05 billion (about [euro]1.58 billion) to three private investors in 2004, the resulting company, UGS Corp., and its new owners had a public stock offering in their sights.

Then German electronics giant Siemens showed interest and the plans abruptly changed.

"Six months ago, if you had asked me what is the most likely outcome, I would probably have told you an IPO [initial public offering]," says Charles Grindstaff, executive vice president of product at UGS.

On January 25, Siemens revealed that ...

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