Prior to the transaction, LMS Romania SRL Brasov was fully controlled by LMS International NV (Belgium).
“Siemens Industry Software is strengthening the position of Siemens on the local IT market, where we already have over 200 employees. Our research-development centers in Brasov provide engineering and IT services for clients worldwide, in various sectors such as the industrial, health and energy sectors. We plan to invest and continue to grow in Brasov and other Romanian cities,” general manager of Siemens Romsnia, George Costache, stated.
The portfolio of Siemens Industry Software is part of business segment Siemens PLM (Product Lifecycle Management) Software.
Siemens Industry Software provides software, hardware and engineering services for stimulating and testing mechatronic systems used by companies producing cars, airplanes, or energy equipment. The company’s clients include Renault, Daimler and Airbus.
In 2013, Siemens Industry Software SRL reported a turnover of RON14.62 million, up by some RON500,000 on the year.