PROCESS Systems Enterprise (PSE), supplier of process modelling software and services, has announced it is to be bought by Siemens.
PSE provides advanced process models used in the chemicals, petrochemicals, pharmaceuticals and food industries to improve process design and operation. Its 160 employees will be integrated into the Process Automation Business Unit of Siemens Digital Industries, and its current management team retained.
Eckard Eberle, CEO of the Siemens Process Automation Business Unit said: "The combination of high-fidelity predictive models and process data plays an increasingly important role in the digitalisation of design and operations in the process industry. It is important to take the process knowledge that is already available in product and process development and to map it in predictive models which can then be used to add value in the digitalisation environment in every step of the lifecycle. With PSE we will be even better equipped to meet the specific requirements of our process industry customers."
Costas Pantelides, Managing Director of PSE, says: "We are delighted to become part of the Siemens organisation. Our technology and know-how are highly complementary to Siemens’ products, and our combined portfolio will build on Siemens’ already strong position in digitalisation to deliver unprecedented benefits to customers.”
The deal follows the pair forming a partnership in June 2018 to develop new model-based solutions for applications including detailed unit operation design, plant monitoring and performance forecasting, soft sensing, and real-time optimisation.
The transaction is expected to close in Q4 and the companies have agreed not to disclose the value of the deal.
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