Berwanger acquisition boosts Siemens oil and gas business
Siemens Energy and Automation has completed the acquisition of Houston-based Berwanger, Inc. The company will be named Berwanger Incorporated, A Siemens Company. Terms of the acquisition were not disclosed.
Berwanger will be part of the oil and gas business of the Siemens Industrial Solutions and Services Group. Berwanger is a leader in front-end engineering, plant services and software for this key market and is expected to enhance Siemens' position. The company will continue to operate from its Houston location which will become the global center of competence for oil, gas and petrochemical applications. Berwanger employs approximately 185 people who will be integrated into the Siemens business structure.
“The acquisition of Berwanger will allow Siemens to expand its international reach in the oil, gas and petrochemical industries,” said Aubert Martin, president and CEO, Siemens Energy & Automation. “Ever-increasing demand for fossil fuels and the impact of recent natural disasters makes process and production efficiency even more critical for oil and gas producers. Berwanger is renowned for its world-class engineering and software development to the oil & gas industries. A combined portfolio of Siemens and Berwanger products, services, and solutions represents a unique and complementary offering to our customers.”
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Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey