goetzpartners advised OMAT Ltd. on the sale of its technology to Siemens Industry Software Ltd.

goetzpartners advised OMAT Ltd. on the sale of its technology  to Siemens Industry Software Ltd.
Photo source
www.goetzpartners.com

Date: 30 July 2018

goetzpartners advised Israel-based OMAT Ltd., a developer and supplier of technologically leading process control software solutions, on the sale of the Company's technology to Israel-based Siemens Industry Software Ltd., a subsidiary of Siemens AG.

Via the transaction, Siemens Digital Factory plans to take over products of OMAT, the supplier of software solutions for adaptive spindle feed control, improvement of tool life cycles and vibration analysis of spindles for the use with CNC controls. The software solutions offered by the Company focus on optimizing the spindle feed during machine operation.

These solutions from OMAT, headquartered in Jerusalem, will provide a significant addition to the Siemens CNC software portfolio for Sinumerik and further strengthen Siemens’ position as a leading supplier of CNC controls mainly in the field of digitalization.

“Machine tool manufacturing is part of Siemens’ focus industries. The take-over of products from OMAT Ltd. is another step towards reaching our goal to provide our customers with a complete portfolio that helps them to implement their digital enterprise. The software applications which we will develop on the basis of technologies from OMAT Ltd. will be mainly applied in the field of SINUMERIK Edge, significantly broadening the range of solutions for our customers in the machine tool market,” explains Dr. Wolfgang Heuring, CEO Siemens Motion Control Business Unit. “The combined offer will place us into an even better position to provide innovative solutions that meet the challenges of machine tool builders and users on their journey to digitalization.”

An innovative solution of OMAT is the Adaptive Control & Monitoring (ACM), which significantly reduces the processing time of part programs, extends the life cycle of tools and avoids tool breakage. This technology is based on an analysis of machine tool data and additional parameters of the part program. Based on the algorithms developed by the Company process times can be reduced by up to ~20 percent which translates into a significant increase in productivity.

Other products use additional data and readings captured from external sensors, which further optimize the machining process. Solutions based on these developments have already been installed by OMAT at their customers’ and are expected to be advanced further.

The transaction is due for completion in the third quarter of 2018. The parties have agreed not to disclose any financial details of the transaction.

goetzpartners acted as sole and exclusive financial advisor to the Company, further underlining our competence advising complex cross border M&A transactions in the Industrials industry.

600450 goetzpartners advised OMAT Ltd. on the sale of its technology to Siemens Industry Software Ltd. glassonweb.com

See more news about:

Others also read

The Fenestration and Glazing Industry Alliance (FGIA) has named three new Honorary Members of the Association.
Guardian Glass has published new Environmental Product Declarations (EPDs) for its portfolio of processed and unprocessed flat glass produced in Thailand.
GPD 2025 is just around the corner, and tickets are officially on sale!
Precision Glass Industries (PGI) is proud to announce the opening of its second location, a cutting-edge 135,000-square-foot fabrication campus in Conroe, Texas.
FTI is delighted to introduce its diverse and esteemed panel of judges for the 2025 Vitruvian Honors & Awards.
Registration is now open for the Fenestration and Glazing Industry Alliance (FGIA) FENBC Region Summit, taking place April 1-2 in Surrey, BC.

Add new comment

From industry

Polígono Lalín 2000
36512 Lalín Pontevedra
Spain

Ctra. Estación Km. 15.8
44415 Rubielos de Mora Teruel
Spain

Waterman Business Centre Suite 220, 44 Lakeview Drive
Scoresby VIC 3179
Australia

NEWS RELATED PRODUCTS

LISEC Austria GmbH
A+W Software GmbH
LISEC Austria GmbH
A+W Software GmbH
A+W Software GmbH