Oct 20 (Reuters) - Siemens AG SIEGn.DE :
* SIEMENS AG - SIEMENS MOBILITY INTENDS TO ACQUIRE SCATS® TRAFFIC MANAGEMENT PROVIDER
* SIEMENS MOBILITY INTENDS TO ACQUIRE ALDRIDGE TRAFFIC CONTROLLERS (ATC) BASED IN SYDNEY, AUSTRALIA
* ATC IS A TRAFFIC CONTROLLER PROVIDER WITH MANUFACTURING AND ENGINEERING COMPETENCIES AS WELL AS A LICENSED SCATS® SOFTWARE DISTRIBUTOR
* INTENDED ACQUISITION WILL ALLOW SIEMENS MOBILITY ITS TO ENHANCE ITS CORE BUSINESS, GAIN ACCESS TO NEW CUSTOMERS AND TO EXPAND ITS FOOTPRINT
* IF ACQUISITION IS APPROVED BY AUTHORITIES, ATC WILL BE MANAGED AS A LEGALLY INDEPENDENT COMPANY UNDER ROOF OF INTELLIGENT TRAFFIC SYSTEMS BUSINESS UNIT WITHIN SIEMENS MOBILITY