Penningtons Manches Cooper's corporate team has advised on the sale of Process Systems Enterprise (PSE) to Siemens. PSE is a technology-leading global supplier of software and services for advanced process modelling. PSE’s advanced process models are used within digital R&D, design and operations in the process industries to help make fast, safe and more efficient decisions through rapid and effective exploration of the decision space. The technology is widely used in the chemicals, petrochemicals, pharmaceuticals and food industries to accelerate innovation, improve process design and operation, streamline R&D and manage technology risk.
Corporate partner Will Axtell led the team with key support from senior associate Nicola Sole and other legal specialists across the firm.
Costas Pantelides, Managing Director of PSE, said: "We are delighted to become part of the Siemens organization. Our technology and know-how are highly complementary to Siemens’ products, and our combined portfolio will build on Siemens’ already strong position in digitalization to deliver unprecedented benefits to customers.”
Will Axtell, partner at Penningtons Manches Cooper, commented: “We very much enjoyed working on this strategic technology transaction. PSE is an exciting company with a bright future and we wish it all the best going forward as part of the Siemens group. This transaction is another example of Penningtons Manches Cooper’s leading technology M&A practice, which has seen a busy and productive year to date”.