Updated: Siemens acquires Eden Technology amid global job cuts

IT Solutions and Services business improves asset management and civil security portfolio with acquisition

Siemens has announced the acquisition of Australian asset and evidence management solutions company, Eden Technology. The company's products will become a part of the Siemiens' IT Solutions and Services portfolio of productivity offerings.

Eden Technology's portfolio of products includes an asset management solution for defence and maritime industries, evidence management for law enforcement and regulatory agencies, as well as digital investigation software for computer forensics.

The company currently has offices in Sydney and Malaysia, and distributes to South Africa and the United Kingdom.

"We have been delighted with the success of our products in Australia and overseas and see this as an opportunity to expand our products into new markets," Eden Technology chief executive officer Katrina Doring said in a statement. "Together we will be able to provide a more comprehensive IT solution in the defence and security sectors. Our customers will benefit from an accelerated R&D program both locally and abroad through synergies with the global Siemens SIS organisation."

A statement issued by Siemens said the acquisition would "further strengthen Siemens’ position as a leading local provider of innovative PLM, Asset Management, Border Control and Security solutions in the Australian market."

Siemens already supplies productivity and IT solutions to Australian defence organisations as well as overseas navies, customs services and police.

The acquisition comes despite revelations last month that Siemens would cut 4,200 of the 35,000 staff in its Siemens IT Solutions and Services business (SIS) by the end of 2011. A press release from Siemens in March said that the company was looking to spin off its IT division as a separate company by October, and would invest 500 million euros ($AUD731,610,124) over the next two years. Up to 2,000 of the job cuts would occur in the company's German offices, with mandatory terminations as a final option.

A Siemens spokesperson told Computerworld Australia that there were no planned redundancies in SIS's Australia and New Zealand offices, despite the global restructuring.

All Eden Technology staff will become permanently employed by Siemens after the merger.

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