The global industrial manufacturing firm Siemens has announced that it signed an agreement to acquire Cambridge, UK-based UltraSoC Technologies Ltd., a provider of instrumentation and analytics solutions.
- The analytics solutions helps intelligent monitoring, cybersecurity and functional safety capabilities into the core hardware of system-on-chip (SoC).
- Siemens plans to integrate UltraSoC’s technology into the Xcelerator portfolio as part of Mentor’s Tessent software product suite.
- The combination of Siemens and UltraSoC technology can benefit the entire semiconductor product lifecycle, including structural, electrical, and functional capabilities of SoCs.
The major deals and investments by Siemens are mentioned below:
March 2020: The global clean energy provider Siemens Gamesa announced that it will supply 25 SG 4.5-145 wind turbines for one of the Vietnams largest wind farms. Vietnam has one of the best wind resources in Southeast Asian region.
February 2020: Siemens AG will acquire all the shares of Siemens Gamesa Renewable Energy (SGRE) held by Iberdrola S.A. for approximately $1.2 billion. The three companies (Iberdrola, Siemens, and SGRE) have signed a cooperation agreement for specific projects related to wind power generation and to improve the distribution grid.
January 2020: Siemens AG signed an agreement to acquire India based C&S Electric Limited for $296 million, through its Indian subsidiary. C&S Electric is one of the leaders in electrical and electronic equipment for infrastructure, power generation, transmission and distribution in India. The acquisition of C&S Electric will enhance Siemens’ position in India as a key supplier of low-voltage power distribution and electrical installation technology. The merger agreement paves the way for the establishment of a design and manufacturing hub in India by Siemens. The acquisition will also help in the export of electrification products to fast-developing markets around the world.
January 2020: Siemens AG signed an agreement with Ghana Grid Co. to upgrade the country’s electricity grid. Siemens will help to improve the Ghana’s ability to supply other West African nations, including Burkina Faso, Togo, and Benin.
December 2019: Siemens announced agreements to deliver power generation equipment for two new peaking power plants in the Republic of Belarus. The power plants will be operated in conjunction with the existing Lukomlskaya and Novopolotskaya power plants in the Vitebsk region of Belarus. The new plants are expected to go into operation at the end of 2021.
December 2019: Siemens will provide equipment to Lalitpur Power Generation Company Limited (LPGCL), a Bajaj Group company. LPGCL has a coal-fired power plant located in Lalitpur, Uttar Pradesh, India and Siemens will provide advanced digital solutions and a complete thermal twin improving the plant’s performance.
November 2019: Siemens has signed an agreement to acquire MultiMechanics, Inc., a leading developer of MultiMech finite element software. MultiMechanics helps companies virtually predict failure in advanced materials at an unprecedented level of speed and accuracy. The acquisition of MultiMechanics further expands Siemens ability to create the most comprehensive digital twin by integrating structural computer-aided engineering (CAE) with detailed materials modeling through TRUE Multiscale technology, for a broad range of materials, including polymers, metals, composites, and ceramics
November 2019: Siemens will supply the equipment to upgrade the Hiep Phuoc 1 steam power plant in Ho Chi Minh City, Vietnam, to a combined cycle power plant. The transformation will increase the plant’s electrical capacity by roughly 780 megawatts (MW) to approximately 1,200 MW. This project, through the Hiep Phuoc Power Co. Ltd. will ensure a reliable, secure, and environmentally friendly power supply for Ho Chi Minh City and Vietnam.
About Siemens AG
Siemens is a Berlin-based global industrial manufacturing and technology company. The company has stood for engineering excellence, innovation, quality, reliability, and internationality for last 170 years. The company is focused on the areas of power generation and distribution, manufacturing industries, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process.
Siemens is one of the world’s largest producers of energy-efficient technologies; It is also a leading supplier of medical technologies and is providing solutions in IT, industry, finance, and energy. The company is a pioneer in providing intelligent infrastructure and industry solutions to the world.