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IN BRIEF / TECHNOLOGY

Siemens to acquire software maker UGS

January 25, 2007|From Bloomberg News

German engineering company Siemens agreed to buy software maker UGS Corp. for $3.5 billion, including debt, and separately announced plans to spin off its VDO automotive unit.

Plano, Texas-based UGS, whose software is used by customers including General Motors Corp. to design cars, is owned by Bain Capital, Silver Lake Partners and Warburg Pincus.

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