Siemens to Acquire TESIS PLMware 

Jan. 9 -- Siemens declared that it has agreed to acquire TESIS PLMware, a company that does the integration of product lifecycle management (PLM) software with other enterprise applications.

The company has not revealed the financial details or the terms of the acquisition. The agreement also comprises of the acquisition of Munich basedTESIS PLMware GmbH and its US business.

According to the company, TESIS PLMware enable users with enhance IT costs and provide efficiency with a solution for the integration ofSiemens' Teamcenter software with ERP systems and other enterprise applications such as MES, CRM and SCM.

Following the completion of the transaction, TESIS PLMware will be assigned to Siemens PLM Software, a business unit of the Siemens Industry Automation Division.

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Source: Siemens