# Siemens acquires Industrial Control Technology

Siemens has agreed to acquire Industrial Control Technology (IST), a producer of industrial control technology. IST will become part of Siemens' Digital Industries division in April 2020.

- Type: Acquisition
- Announced: 2019-07-08
- Where: Chemnitz, Germany, Germany
- Status: announced
- Products: industrial control technology, motion control systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (acquirer)
- [Industrial Control Technology](https://endata.com/companies/40498.md) (target)
- [IST GmbH](https://endata.com/companies/40499.md) (target)

## Sources

- [globalcement.com](https://www.globalcement.com/news/10232-siemens-acquires-industrial-control-technology), 2019-07-08: "It will become part of Siemens’ Digital Industries division in April 2020."
- [industrial-production.de](https://www.industrial-production.de/ki---data-analysis/siemens-acquires-industrial-control-technology-company-ist.htm), 2019-07-08: "As a long-standing development partner, IST GmbH has made a decisive contribution to the excellent competitive position of the Siemens Production Machines segment."
- [wirautomatisierer.industrie.de](https://wirautomatisierer.industrie.de/steuerungstechnik-ipc-sps/siemens-uebernimmt-ist-gmbh-und-baut-mindsphere-aus/), 2019-08-09: "Siemens und die Gesellschaft für Industrielle Steuerungstechnik IST mbH (IST GmbH) mit Sitz in Chemnitz haben eine Vereinbarung zur Übernahme der Anteile der IST GmbH durch die Siemens AG geschlossen."
- [channel-e.de](https://www.channel-e.de/branchen-news/merger-acquisitions-2019/page-2), 2019-09-10: "Siemens übernimmt die Anteile an der Gesellschaft für Industrielle Steuerungstechnik (IST GmbH) mit Sitz in Chemnitz."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.