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German multinational engineering and electronics giant Siemens has swooped to buy Chippenham-headquartered Preactor Group to expand its offer in the industry software market.
Preactor has been developing software for automated production planning processes for more than 20 years and employs a workforce of 70. Alongside its base in the UK, the company has a presence in North America, India, France, Spain and China.
The company’s advanced planning and scheduling (APS) software is used to optimise production, boost productivity and drive down costs. It has been installed by more than 4,500 small, medium and large multinational companies in 75 countries.
Mike Novels, chief executive and president of Preactor, welcomed the deal but said the business had “no plans to divert from [its] existing successful course”.
He added: “With our highly qualified workforce and Siemens behind us, we will be in a position to supply our future-oriented APS software solutions as a global partner backed by worldwide presence and support.
“We will be making a major contribution to the ability of companies the world over to fully utilise their resources and adhere to confirmed deadlines.”
Anton S. Huber, chief executive of the Siemens Division Industry Automation, said: “By acquiring the Preactor Group, we are further extending our position as an industry software supplier in the field of production and logistics.
“We will be extending our industry software offering to include APS as a key component in the field of manufacturing operations management. With the Preactor Group, we are gaining a team of specialists with a proven track record as a preferred supplier and service provider for APS solutions the world over.”
Once the deal has completed, Preactor will be assigned to the Siemens Industry Automation Division.
Hugh Ashburner, associate director at BCMS, led the deal and said: “We were engaged by the shareholders of the Preactor Group to identify the best strategic acquirer for the business.
“We had several meetings with potential acquirers, and it was with Siemens that the best fit was found.
“It has been a pleasure to have worked with the shareholders to achieve this outcome which not only delivers considerable value, but presents exciting opportunities for Preactor and its staff for future growth within the Siemens family.”