LER TechForce Buys Siemens Division

## LER TechForce's Acquisition of Siemens Division: A Deeper Dive The recent acquisition of the Resource Solution division from Siemens Altair by LER TechForce marks a significant strategic move for the Indiana-based engineering services firm. This deal is aimed at enhancing LER TechForce's capabilities in providing comprehensive workforce and engineering solutions to its clients. LER TechForce, a woman-owned business that spun off from LHP Engineering Solutions in 2020, has carved a niche in supplying engineering talent for the automotive, aerospace, and medical device industries. The company specializes in embedded systems, which are crucial for the advanced functionalities in modern vehicles and medical equipment. The acquisition follows Siemens' recent major purchase of Altair, a powerhouse in simulation, AI, and high-performance computing software, for approximately $10 billion. This larger transaction was aimed at integrating Altair's capabilities into Siemens' Xcelerator portfolio to bolster its digital twin technology. The subsequent sale of the Resource Solution division to LER TechForce suggests a strategic realignment by Siemens to focus on its core software and technology offerings. Under the leadership of CEO Janene Stotts, LER TechForce will absorb the Resource Solution division's expertise in talent pipeline development and workforce deployment strategies. This is expected to enable LER TechForce to offer more robust support to clients navigating complex technological transformations. The terms of the agreement include the transfer of customer contracts and the professionals who were part of the Siemens Altair division. Prior to this acquisition, LER TechForce had an estimated annual revenue of $24 million and employed around 182 people. While the exact financial details of the recent transaction have not been disclosed, the integration of the new division is anticipated to expand LER TechForce's market presence and service offerings. The move comes at a time when the engineering staffing industry is seeing a growing demand for specialized talent, particularly in high-growth sectors. This acquisition positions LER TechForce to better meet these evolving industry needs by combining its established engineering expertise with the newly acquired workforce solution capabilities.