Siemens to acquire Perfect Costing Solutions

 In Industry News
Siemens acquires Pefect Cost Solutions

Siemens acquires Pefect Cost Solutions

With its takeover of Perfect Costing Solutions GmbH based in Goeppingen, Germany, the Siemens Industry Automation Division (Nuremberg, Germany) will extend its leading position in the field of product lifecycle management software.

For more than ten years, Perfect Costing Solutions GmbH has been developing and distributing product cost management and estimation software solutions focusing on the discrete manufacturing industry in general and automotive industries in particular. The newly acquired company will be assigned to the PLM Software Business Unit. Information on the price will not be disclosed.

Perfect Costing Solutions GmbH is a provider of product cost management solutions, headquartered in Goeppingen, Germany. Their 50+ world-wide employees are focused on providing solutions for product cost calculation, methods and estimation tools. Several international corporations and medium-sized businesses have licensed their software as Perfect ProCalc in order to improve the effectiveness and efficiency of their business processes in calculating, controlling and optimizing their product costs.

Chuck Grindstaff, CEO of Siemens PLM Software Business Unit.

Chuck Grindstaff, CEO of Siemens PLM Software Business Unit.

“By acquiring Perfect Costing Solutions GmbH we are adding a key ingredient to our PLM portfolio to help our customers make more informed decisions about their products beginning in the early stages of design and extending across the lifecycle. This acquisition demonstrates how we are continuing to execute our strategy of building our leading position in Industry software supporting the discrete manufacturing and automotive industry in their fierce competitive landscapes. We will be gaining a team of specialists which already enjoys an excellent reputation as a sound, dependable partner and preferred supplier of product cost management solutions”, says Chuck Grindstaff, CEO of Siemens’ PLM Software Business Unit.

Recent years have seen the Siemens Industry Automation Division extend its leading position in the industrial software market with the acquisition of UGS in the United States (2007), innotec in Germany (2008), Elan Software Systems in France (2009), the Brazilian company Active Tecnologia em Sistemas de Automação and Vistagy in the US (2011) as well as the German IBS AG in 2012, all of them leading industrial software suppliers in their respective fields.

“Our products support our customers within the supply chain, for example with purchase price analysis as well as in their own value added process with quotation costing and calculations during the development phase. The management decision making is enhanced through transparent and fact based consistent data capture, project history as well as key economic data. This customer benefit will considerably grow within the PLM environment of Siemens”, says Andreas Tsetinis, CEO of Perfect Costing Solutions GmbH & Co. KG.

Perfect Costing Solutions GmbH is a leading supplier of software for the cost calculation and estimation of products and tools in Europe. The company employs more than 50 people at their headquarters in Göppingen and other sites in Austria and the US. Perfect Costing Solutions offers software and services for cost calculation in the area of discrete manufacturing. The products have been successfully applied for approx.10 years by more than 240 customers and 8000 users in different branches with main focus on the automotive industry. For more information about the products and services of Perfect Costing Solutions, please visit

Source: Siemens

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