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Siemens in takeover bid for IBS AG


Siemens AG today decided to submit to the shareholders of IBS AG a public takeover bid of €5.00 cash per share. Based on IBS’s closing price yesterday on the Xetra trading platform, this price represents a premium of 54 percent. IBS’s major shareholders have announced their binding acceptance of the offer. A 43-percent share of IBS’s capital stock for Siemens is thus already ensured. As a provider of software solutions for industrial quality management and other applications, IBS is intended to complement the MES business (Manufacturing Execution Systems) of Siemens’ Automation and Drives (A&D) Group.

Siemens has informed the Board of Directors and Supervisory Board of IBS AG of its intention to submit a takeover bid. Both IBS boards have indicated that they consider Siemens to be the suitable strategic partner and – subject to a close examination of the tender document – will support the offer.

“Not only will IBS shareholders profit from an attractive premium; also our customers will benefit from integrated solutions and strong partners,” notes Anton S. Huber, member of the Group executive management at Siemens Automation and Drives. “The product portfolio of IBS will supplement our MES business. We are well positioned with MES offerings in the process industries, for example food, chemical and pharmaceutical. IBS has longstanding, close customer relations in the discrete industries, for instance, with leading automobile manufacturers and their suppliers.”

According to information from IBS, the company’s sales totaled €19.7 million in fiscal 2006 and €17.7 million in fiscal 2005. Headquartered in Hoehr-Grenzhausen, near Koblenz, Germany, IBS has 170 employees. The Siemens offer corresponds to a price of about €35 million for the complete share capital of IBS.

The offer will be contingent on the fulfillment of a number of customary terms and conditions. For example, it must be ensured that a minimum of 75 percent of the capital stock of IBS AG is assumed and that the approval of the German anti-trust authorities is obtained. Details of the terms will be announced in the bid, which is expected to be made public by the end of April.

Further information about the offer is available on the Internet at and as of Thursday, April 5th, 2007, also via the toll free service hotline 0800-6464783.

Siemens AG (Berlin and Munich) is a global powerhouse in electrical engineering and electronics. The company has around 475,000 employees (including discontinued operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of services for individual requirements. Siemens provides innovative technologies and comprehensive know-how to benefit customers in some 190 countries. Founded more than 155 years ago, the company focuses on the areas of Information and Communications, Automation and Control, Power, Transportation, Medical, and Lighting. Based on U.S. GAAP, Siemens posted sales in fiscal 2006 (ended September 30) of €87.3 billion and net income of €3.033 billion. Further information is available on the Internet at:

IBS AG (Hoehr-Grenzhausen), listed at the German stock exchange, is an IT enterprise which offers production near software solutions and services for industrial enterprises. Further information is available on the Internet at:


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