Mergers & Acquisitions

Microscan Systems, Inc. - Renton, WA

Original Press Release

Microscan to Purchase Siemens' Machine Vision Business

Press release date: Sep 15, 2008

Acquisition expands technology leadership in traceability solutions and strengthens global sales channel

RENTON, Wash., September 15, 2008 - Microscan today announced it will purchase Siemens' Machine Vision business, formerly Acuity CiMatrix, headquartered in Nashua, New Hampshire. The company expects the acquisition to further enhance its technology leadership position in customer-focused traceability solutions by expanding further into machine vision imaging and inspection. The deal is expected to close on Sept. 19, 2008.

Microscan, a global leader in the design and manufacturer of precision data acquisition and controls, is focused on solutions for electronics, life sciences, and automotive industries. Siemens machine vision will become integrated into Microscan. The company plans to keep the Nashua location open and retain the majority of the workforce. For customers and distribution partners the transition of ownership is expected to be seamless.

"The purchase of Siemens Machine Vision Business allows Microscan to expand our vision and smart camera portfolio to the benefit of our customers and partners worldwide," said Jeff Timms, president, Microscan. "Vision products for identification and inspection are a growing aspect of the precision data acquisition and control market. The acquisition of the Siemens Machine Vision Business brings with it a depth of expertise in data matrix and vision product design that is second to none. Combined with Microscan's deep experience in data acquisition solutions, the purchase of this business tremendously augments our product portfolio and brings with it a unique and complementary offering to our customers. This acquisition will nicely position us against our competitors in our targeted markets."

"Since acquiring the company in 2005, Siemens has made considerable investments in the portfolio, facilities, infrastructure, and employees of its machine vision business," said Dennis Sadlowski, president and CEO, Siemens Energy & Automation, Inc. "I'm confident that the combination of these investments and Microscan's ability to engage a focused sales force, will ensure the continued success of this business. Siemens will continue to focus on the industrial identification (Auto ID) segment and strengthen its innovative RFID and 1D/2D code reading systems portfolio."

About Microscan

Microscan is a global leader in manufacturing and technology focused on precision data acquisition and control solutions serving a wide range of automation and OEM applications. Microscan solutions benefit a global customer base primarily through data tracking and traceability solutions which enable manufacturing efficiencies and quality controls.

As an ISO 9001:2000 certified company achieving recognition for Quality Leadership, Microscan is known and trusted by customers worldwide as a provider of quality, high precision automatic identification technology. Microscan is a Spectris company. For more information: www.microscan.com.

About Siemens

Siemens Energy & Automation, Inc. is one of Siemens' operating companies in the U.S. Headquartered in the Atlanta suburb of Alpharetta, Ga., Siemens Energy & Automation, Inc. manufactures and markets one of the world's broadest ranges of electrical and electronic products, systems and services to industrial and construction market customers. Its technologies range from circuit protection and energy management systems to process control, industrial software and totally integrated automation solutions. The company also has expertise in systems integration, technical services and turnkey industrial systems. For more information: www.sea.siemens.com.

Siemens AG (NYSE: SI) is a global powerhouse in electrical engineering and electronics, focusing on the three key sectors of healthcare, industry and energy. Founded 160 years ago in Germany, Siemens AG reported sales of $96.6 billion in fiscal year 2007 (ended September 30). Siemens today employs more than 470,000 people in some 190 countries. In the United States alone, Siemens had sales of over $25 billion (including export sales), fueled largely by infrastructure projects and innovative solutions in the industry areas of medical, automation and control, power, transportation and lighting. Headquartered in New York City, Siemens in the U.S. employs nearly 72,000 people in all 50 states and Puerto Rico. The U.S. is also home to the global headquarters of nine of Siemens' worldwide businesses. For more information on Siemens in the United States, go to www.usa.siemens.com.

Siemens Contact: Michael Krampe 770-751-4959 michael.krampe@siemens.com

Contact: Laura Hoffman (425) 226-5700, ext.1181 lhoffman@microscan.com

Microscan Systems, Inc. 1201 SW 7th Street Renton, WA 98057 www.microscan.com