Siemens to acquire UGS Corp. for $3.5 billion

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Siemens to acquire UGS Corp. for $3.5 billion
German tech company Siemens has said that they are acquiring U.S. software maker UGS Corp. for $3.5 billion.
The company also said that they are planning to issue an initial public offering of its automotive engineering unit, VDO.
Siemens said that the acquisition of UGS would get them access to [...]

http://business.techwhack.co/1770/siemens-ugs-corp/