goetzpartners advised OMAT Ltd. on the sale of its technology to Siemens Industry Software Ltd. (copy 1)
goetzpartners advised Israel-based OMAT Ltd. (“OMAT” or “The Company”), 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.
Established in 1991 and headquartered in Jerusalem (Israel), OMAT is a leading global developer and provider of advanced manufacturing and productivity technologies for the machine tool industry. As of today, OMAT offers real-time adaptive and vibration control monitoring aiming to eliminate manufacturing inefficiencies in real-time and to significantly extend the machine/ tool lifetime.
ABOUT SIEMENS INDUSTRY SOFTWARE
Headquartered in Airport City Tel Aviv (Israel), Siemens Industry Software provides Internet-enabled, collaborative product design, development, and process management software, and services. The company is a subsidiary of Siemens AG, the Germany-based global powerhouse with an annual turnover of close to €82.9 billion (as in fiscal year 2017), focusing on the areas of electrification, automation and digitalization.
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