Siemens Acquires Assets Of RVSI Acuity Cimatrix
Agreement to Purchase RSVI Acuity CiMatrix Will Enhance Siemens' Position in Factory Automation Sensors
ATLANTA, Oct. 3, 2005 - Siemens Energy and Automation, Inc. today announced it has completed the acquisition of the assets of RVSI Acuity CiMatrix, a division of Robotic Visions Systems, Inc. headquartered in Nashua, New Hampshire. On August 26, 2005, Siemens submitted an offer for the intended purchase of the assets of RVSI Acuity CiMatrix and a binding asset purchase agreement was signed between the Chapter 11 Trustee and Siemens Energy & Automation, Inc. The sale was completed after receiving approval from the U.S. Bankruptcy Court.
Siemens Automation and Drives (A&D) is a global leader in factory automation and has made a commitment to strengthen its position in factory automation sensors. RVSI Acuity CiMatrix is a leader in machine vision and is expected to enhance Siemens' position in this key market segment. Siemens will likely invest in the Nashua location which will become the global center of competence for machine vision sensors. RSVI Acuity CiMatrix employs approximately 100 people who will be integrated into the Siemens business structure.
"The purchase of RVSI Acuity CiMatrix's assets will allow Siemens to expand its factory automaton vision sensor portfolio," said Aubert Martin, President and CEO, Siemens Energy & Automation, Inc. "Vision sensors for identification and inspection are growing within the factory automation industry. RVSI Acuity CiMatrix brings a depth of expertise in data matrix and vision product design along with a host of application development experience. A combined portfolio of Siemens and RVSI Acuity CiMatrix products, services, and solutions represents a unique and complementary offering to our customers."
About Acuity CiMatrix
RVSI Acuity CiMatrix, a division of Robotic Visions Systems, Inc. is headquartered in Nashua, New Hampshire. Acuity CiMatrix helped pioneer the machine vision industry and today remains one of its prime technological leaders. RVSI Acuity CiMatrix is a leading company in the field of machine vision for factory automation, and 2-D symbology for automatic identification and traceability, delivering solutions to the pharmaceutical, electronics, manufacturing, automotive, and other industries worldwide.
About Siemens
Siemens Energy and Automation Inc. is one of Siemens' operating companies in the U.S. Headquartered in the Atlanta suburb of Alpharetta, Ga., Siemens Energy and Automation 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 one of the largest global electronics and engineering companies with reported worldwide sales of $91.5 billion in fiscal 2004. Founded more than 150 years ago, the company is a leader in the areas of Medical, Power, Automation and Control, Transportation, Information and Communications, Lighting, Building Technologies, Water Technologies and Services and Home Appliances. With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of $16.6 billion and employs 70,000 people throughout all 50 states and Puerto Rico. Eleven of Siemens' worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 430,000 people in 192 countries. For more information on Siemens in the United States:www.usa.siemens.com.
CONTACT: Michael Krampe
(770) 751-4959
michael.krampe@siemens.com
Tom Varney
(770) 751-2255
thomas.varney@siemens.com
