New York, January 25, 2007 – Shearman & Sterling is representing Siemens AG in its $3.5 billion acquisition of UGS Corp. from private equity firms Bain Capital, Silver Lake Partners and Warburg Pincus.

Siemens, headquartered in Berlin and Munich, is one of the world's largest electrical engineering and electronics companies and provides innovative technologies and comprehensive know-how to customers in 190 countries. 

UGS is headquartered in Plano, Texas and is a leading global provider of product lifecycle management (PLM) software and services with 4.3 million licensed seats and 46,000 customers worldwide.  UGS was purchased by the private equity firms in 2004 for nearly $2 billion.

Attorneys include partners Peter Lyons (New York-M&A), John Cannon (New York-Executive Compensation & Employee Benefits) and Don Lonczak (New York-Tax), counsel John Morrison (New York-Executive Compensation & Employee Benefits), associates Harry Doscher (Menlo Park-Litigation), Ethan Harris (Washington, D.C.-Tax), Robert Katz (New York-M&A), Takayuki Kihira (New York-M&A), Sayo Kondo (New York-M&A), Christy Lai (Menlo Park-Intellectual Property), Gabrielle Larocque (New York-M&A), Kevin Roggow (New York-M&A), Michael Sunwoo (New York-Tax), Ana Vazquez-Ubarri (New York-Executive Compensation & Employee Benefits), Samuel Waxman (New York-Intellectual Property) and Brenda Zelin (New York-Executive Compensation and Employee Benefits), trainee Verena Friesicke (New York-M&A) and legal assistant Pamela Stolzer (New York-M&A).

In addition, the firm’s Antitrust team is assisting Siemens in obtaining merger control clearance from the European Commission.  Attorneys include partners Silvio Cappellari (Brussels-Antitrust) and Annette Schild (Brussels-Antitrust) and associates Stephanie Birmanns (Brussels-Antitrust) and Andreas Kafetzopoulos (Brussels-Antitrust).