Siemens acquires UGS; plans VDO IPO
Siemens (www.siemens.com) has signed a definitive agreement to acquire CAD/CAM/CAE/PLM software vendor UGS Corp. (www.ugs.com) for $3.5 billion, including assumption of current debt, from current owners, Bain Capital (www.baincapital.com), Silver Lake Partners (www.silverlake.com) and Warburg Pincus (www.warburgpincus.com).