M&A Deal Summary

Siemens AG Acquires LMS International NV

On November 8, 2012, Siemens AG acquired software company LMS International NV from GIMV and NPM Capital NV for 866M USD

Acquisition Highlights
  • This is Siemens AG’s 10th transaction in the Software sector.
  • This is Siemens AG’s 7th largest (disclosed) transaction.
  • This is Siemens AG’s 2nd transaction in Belgium.

M&A Deal Summary

Date 2012-11-08
Target LMS International NV
Sector Software
Buyer(s) Siemens AG
Sellers(s) GIMV
NPM Capital NV
Deal Type Add-on Acquisition
Deal Value 866M USD

Target

LMS International NV

Leuven, Belgium
website
LMS International is a provider of test and mechatronic simulation software.

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Buyer(S) 1

Buyer

Siemens AG

Munich, Germany

website


Category Company
Founded 1847
SectorDiversified
Employees299,000
Revenue 57.1B EUR (2020)
DESCRIPTION
Siemens office building in St. Louis, Missouri.
Siemens office building in St. Louis, Missouri.

Siemens is a global engineering and electronics conglomerate company headquartered in Munich. Siemens serves a variety of customers and is organized in in four main divisions: Industry, Energy, Healthcare, and Infrastructure & Cities. Siemens was founded in 1847 and is based in Munich, Germany.


DEAL STATS #
Overall 22 of 47
Sector (Software) 10 of 22
Type (Add-on Acquisition) 19 of 41
Country (Belgium) 2 of 2
Year (2012) 5 of 6
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-26 VRcontext International S.A.

Brussels, Belgium

VRcontext is a developer of 3D visualization and training software for displaying complex engineering data in the shipbuilding and plant construction industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-28 Invensys Rail Limited

Chippenham, United Kingdom

Invensys Rail is a software based rail signaling and control company.

Buy £1.7B

Seller(S) 2

SELLER

GIMV

Antwerp, Belgium

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1980
PE ASSETS 1.6B EUR
SizeLarge
Type Sector Agnostic
DESCRIPTION

GIMV is a Belgium based public investment company focused on private equity and venture capital investments in tech-based businesses. GIMV's private equity practice operates through its Corporate Investment unit and targets management buyouts, buy-ins, and growth capital financings of companies with annual sales between EUR15 and EUR150 million. For buyout opportunities GIMV generally takes a majority stake in businesses and for growth capital needs, GIMV takes a minority position. GIMV does not invest in publicly held companies or turnaround situations. GIMV's geographic focus is within Belgium, Netherlands, Germany, and France. GIMV also invests in Russia through Eagle Capital Partners, a partnership with KBC Private Equity. GIMV was formed in 1980 and is headquartered in Antwerp with additional offices in The Hague, Frankfurt, Munich, and Paris.


DEAL STATS #
Overall 37 of 75
Sector (Software) 6 of 10
Type (Add-on Acquisition) 15 of 39
Country (Belgium) 13 of 26
Year (2012) 2 of 4
Size (of disclosed) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-05 GOVECS GmbH

Munich, Germany

GOVECS GmbH dedicates itself to the development, production and distribution of electric vehicles. GOVECS is headquartered in Munich. It was established in 2009 with the goal of offering clean, efficient, reliable an affordable vehicles for the street traffic. Top designers and outstanding engineers are working on creating electric vehicles that are not only chic but also comply with the requirements of modern electric mobility. All electric scooters are manufactured in GOVECS’s own certified plant in Wroclaw. In 2012 GOVECS was awarded “E-Scooter of the Year" with its models GO!T2.4 and GO!S2.4 (with this model already in 2011!), and obtained with its GO! S3.4, the company's first electric scooter in the motorcycle category, the eCarTec Award.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-28 Mentum S.A.

Velizy, France

Mentum is a developer of network planning, network implementation, and optimization software for mobile network operators. The network planning software enables operators to simulate their network and to position their mobile phone antennas in accordance with capacity requirements and the existing network structure.

Sell -
SELLER

NPM Capital NV

Amsterdam, Netherlands

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1948
PE ASSETS 1.0B EUR
SizeLarge
Type Sector Agnostic
DESCRIPTION

NPM Capital is a unit of family owned holding company, SHV Holdings, set-up to invest in and acquire medium-sized Dutch companies. Prospective opportunities are typically family-owned companies or divisions of of large corporations. NPM will consider both majority and minority positions in companies valued between EUR20 to EUR200 million. The Firm looks at businesses in all sectors of the Dutch economy. NPM Capital was originally established in 1948 and is based in Amsterdam.


DEAL STATS #
Overall 12 of 31
Sector (Software) 1 of 1
Type (Add-on Acquisition) 5 of 14
Country (Belgium) 1 of 2
Year (2012) 4 of 4
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-21 Plasticum Group BV

Tilburg, Netherlands

Plasticum Group BV specializes in the manufacture and design of plastic packaging solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-13 Vurense Snack Industrie BV (VSI)

Leerdam, Netherlands

Vurense Snack Industrie BV (VSI) is a provider of high quality functional bars.

Buy -