Siemens acquires Berwanger

Jan. 1, 2006
Agreement to purchase Berwanger will enhance Siemens' solution offering in oil, gas and petrochemical industries.
SIEMENS Energy and Automation, Inc., today announced it has completed the acquisition of Berwanger, Incorporated, headquartered in Houston, Tex.  Effective immediately, the company will be named Berwanger Incorporated, ASiemens Company.  Terms of the acquisition will not be disclosed.Berwanger will be part of the oil and gas business of Siemens Industrial Solutions and Services Group (I&S), a global leader in process automation and systems integration. With this purchase, Siemens has made a commitment to strengthen its position in the oil, gas, and petrochemical industries.  Berwanger is a leader in front-end engineering, plant services and software for this key market and is expected to enhance Siemens' position. Berwanger´s expertise will complement Siemens´ know-how in the area of drive configurations, power generation and distribution solutions, and water treatment solutions. The company will continue to operate from its Houston location which will become the global center of competence for oil, gas and petrochemical applications.  Berwanger employs approximately 185 people who will be integrated into the Siemens business structure. "The acquisition of Berwanger will allow Siemens to expand its international reach in the oil, gas and petrochemical industries," said Aubert Martin, president and CEO, Siemens Energy & Automation, Inc.  "Ever-increasing demand for fossil fuels and the impact of recent natural disasters makes process and production efficiency even more critical for oil and gas producers.  Berwanger is renowned for its world-class engineering and software development to the oil & gas industries.  A combined portfolio of Siemens and Berwanger products, services, and solutions represents a unique and complementary offering to our customers."“The combined portfolio of Siemens and Berwanger services and solutions supports an aggressive growth strategy and further penetration into both existing and new markets,” said P. C. (Pat) Berwanger, President and CEO, Berwanger, Incorporated.  “In addition, I’m confident Siemens will provide Berwanger with the level of investment required in people, technology and operations to strengthen their global market position.”Established in 1993, Berwanger is an engineering and software development firm serving the oil, gas and petrochemical industry worldwide.  They are widely known for their process and mechanical engineering and for software solutions including “Oil and Gas Manager” (OGM), used for upstream concept selection and field development planning, “Pressure Protection Manager” (PPM) for pressure relief system design and analysis, and “UltraPIPE”, an inspection data management system (IDMS).Siemens will support Berwanger’s development of enabling technologies to reinforce the company’s existing plant services business lines, and also expand Berwanger’s profile internationally in FEED for Upstream projects.