With its takeover of innotec do Brasil based in São Paulo, Brazil, the Siemens Industry Automation Division has extended its leading global position in the field of industrial process engineering software, and at the same time bolstered its presence in one of the world's key growth markets. For more than ten years, Innotec do Brasil has been an exclusive supplier of Comos software solutions for integrated plant management, focusing on Brazil's oil and gas, energy, chemical and paper industries. The newly acquired company will be assigned to the Industrial Automation Systems Business Unit. With the purchase price a closely guarded secret, the deal is set to go ahead subject to approval by the relevant authorities.
"By acquiring innotec do Brasil we are bolstering the position of Siemens in Brazil and extending our market presence as an industrial partner in the energy sector. We will be gaining a team of specialists which already enjoys an excellent reputation as a sound, dependable partner and preferred supplier of Comos software solutions among many of Latin America's key industrial players", says Eckard Eberle, CEO of the Siemens Industrial Automation Systems Business Unit.
The Brazilian firm provides an impressive performance spectrum encompassing business process analysis, solutions to specific customer needs, software implementation and a comprehensive portfolio of plant engineering services.
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